Envestnet Portfolio Solutions Inc. Trims Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.2% during the third quarter, HoldingsChannel reports. The fund owned 464,403 shares of the company’s stock after selling 10,498 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $119,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Acropolis Investment Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock worth $32,361,000 after buying an additional 5,813 shares in the last quarter. Strategic Blueprint LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 18.9% during the 3rd quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock worth $7,713,000 after acquiring an additional 4,790 shares during the period. FLP Wealth Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 753.1% during the 3rd quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock worth $3,223,000 after acquiring an additional 11,093 shares during the period. Beacon Financial Group lifted its stake in iShares MSCI USA Momentum Factor ETF by 11.0% in the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after purchasing an additional 2,203 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 5.7% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after purchasing an additional 4,752 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $256.04 on Friday. The firm has a market capitalization of $18.69 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The company has a fifty day moving average price of $251.23 and a 200-day moving average price of $249.09.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.