Assetmark Inc. trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 21.8% in the first quarter, HoldingsChannel reports. The firm owned 1,174,251 shares of the company’s stock after selling 328,158 shares during the period. Assetmark Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $281,808,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the business. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after buying an additional 67 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Down 3.0%
Shares of BATS:MTUM opened at $303.41 on Friday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The company’s 50-day moving average price is $317.44 and its two-hundred day moving average price is $277.95. The firm has a market cap of $22.15 billion, a P/E ratio of 28.67 and a beta of 1.02.
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.
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