Sequoia Financial Advisors LLC Lowers Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Sequoia Financial Advisors LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 23.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,754 shares of the company’s stock after selling 33,149 shares during the period. Sequoia Financial Advisors LLC owned about 0.15% of iShares MSCI USA Momentum Factor ETF worth $25,655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MTUM. Mullooly Asset Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $2,162,511,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $220,286,000. Orgel Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $158,559,000. Park Avenue Securities LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $109,923,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 102.6% in the first quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock valued at $129,867,000 after acquiring an additional 325,369 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 19.7%

Shares of BATS:MTUM opened at $250.07 on Monday. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s 50-day simple moving average is $249.19 and its 200-day simple moving average is $231.50. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99.

iShares MSCI USA Momentum Factor ETF 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.