Foundations Investment Advisors LLC Sells 24,937 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Foundations Investment Advisors LLC trimmed its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 28.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,954 shares of the company’s stock after selling 24,937 shares during the period. Foundations Investment Advisors LLC owned approximately 0.11% of iShares MSCI USA Momentum Factor ETF worth $12,073,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MTUM. First Personal Financial Services acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $27,000. Woodmont Investment Counsel LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $28,000. GAMMA Investing LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $29,000. Able Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $28,000. Finally, Family Capital Trust Co acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $34,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM traded down $5.81 on Wednesday, hitting $191.56. The company’s stock had a trading volume of 746,315 shares. The company has a 50 day moving average price of $192.75 and a 200 day moving average price of $188.06. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The company has a market capitalization of $10.37 billion, a PE ratio of 18.53 and a beta of 1.10.

About iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years.