C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $25.44 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 28.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,194 shares of the company’s stock after selling 29,588 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 1.3% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings, making the stock its 16th largest position. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $25,436,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mission Wealth Management LP acquired a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $567,000. Sowell Financial Services LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 17.9% in the 2nd quarter. Sowell Financial Services LLC now owns 17,189 shares of the company’s stock valued at $5,893,000 after acquiring an additional 2,605 shares during the period. Spinnaker Investment Group LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $334,000. Redhawk Wealth Advisors Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $213,000. Finally, Sage Capital Advisors llc bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $246,000.

iShares MSCI USA Momentum Factor ETF Trading Up 2.1%

iShares MSCI USA Momentum Factor ETF stock opened at $314.73 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The stock’s 50 day moving average is $316.52 and its 200-day moving average is $284.65. The company has a market capitalization of $22.98 billion, a price-to-earnings 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.