iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Audent Global Asset Management LLC

Audent Global Asset Management LLC lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 80.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,675 shares of the company’s stock after selling 44,748 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 2.7% of Audent Global Asset Management LLC’s holdings, making the stock its 15th biggest holding. Audent Global Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,562,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Dagco Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $302.09 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The stock has a 50-day moving average price of $317.45 and a 200 day moving average price of $278.11. The company has a market capitalization of $22.05 billion, a P/E ratio of 28.67 and a beta of 1.02.

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