Envestnet Portfolio Solutions Inc. Sells 157,762 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Envestnet Portfolio Solutions Inc. trimmed its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 548,612 shares of the company’s stock after selling 157,762 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 0.8% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 29th largest holding. Envestnet Portfolio Solutions Inc. owned about 0.75% of iShares MSCI USA Momentum Factor ETF worth $188,081,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTUM. Corient Private Wealth LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after buying an additional 652,414 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 37.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 572,521 shares of the company’s stock worth $143,308,000 after buying an additional 154,687 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 66.6% in the fourth quarter. Bank of New York Mellon Corp now owns 384,273 shares of the company’s stock valued at $96,187,000 after acquiring an additional 153,571 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 55.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 400,402 shares of the company’s stock valued at $100,225,000 after acquiring an additional 143,329 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.3%

Shares of MTUM traded down $0.95 on Wednesday, reaching $316.95. 2,523,134 shares of the company’s stock traded hands, compared to its average volume of 1,253,451. The stock’s 50 day simple moving average is $305.87 and its two-hundred day simple moving average is $295.30. The stock has a market cap of $23.14 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59.

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.