Bright Financial Advisors Inc. Sells 757 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Bright Financial Advisors Inc. lowered its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.3% during the third quarter, HoldingsChannel.com reports. The fund owned 13,402 shares of the company’s stock after selling 757 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 1.7% of Bright Financial Advisors Inc.’s portfolio, making the stock its 16th largest holding. Bright Financial Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,717,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTUM. Professional Financial Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,409 shares of the company’s stock valued at $4,341,000 after buying an additional 541 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $78,000. Kings Path Partners LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $85,000. Shore Point Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.9% in the 3rd quarter. Shore Point Advisors LLC now owns 4,731 shares of the company’s stock worth $959,000 after purchasing an additional 86 shares during the last quarter. Finally, Simplicity Wealth LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 5.5% during the 3rd quarter. Simplicity Wealth LLC now owns 8,983 shares of the company’s stock worth $1,821,000 after purchasing an additional 471 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM traded up $2.36 during trading on Friday, reaching $207.36. The stock had a trading volume of 546,740 shares. The stock has a market capitalization of $11.23 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The business’s 50-day moving average price is $195.62 and its 200 day moving average price is $191.12.

iShares MSCI USA Momentum Factor ETF Company Profile

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.