iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 76.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,114 shares of the company’s stock after selling 115,791 shares during the period. Orion Porfolio Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,005,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TFC Financial Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $28,000. Howe & Rusling Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 425.0% during the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after purchasing an additional 102 shares during the period. WFA of San Diego LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $46,000. MassMutual Private Wealth & Trust FSB increased its position in iShares MSCI USA Momentum Factor ETF by 397.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after purchasing an additional 179 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $64,000.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2%

Shares of MTUM stock opened at $241.48 on Friday. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $171.51 and a fifty-two week high of $262.10. The firm’s 50 day moving average price is $254.03 and its two-hundred day moving average price is $251.70.

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