iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 19.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,869 shares of the company’s stock after selling 1,934 shares during the period. Focus Financial Network Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,497,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Foster Group Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 0.6% during the third quarter. Foster Group Inc. now owns 289,385 shares of the company’s stock worth $91,833,000 after buying an additional 1,778 shares in the last quarter. RHS Financial LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.7% during the third quarter. RHS Financial LLC now owns 25,286 shares of the company’s stock worth $8,024,000 after buying an additional 1,373 shares in the last quarter. Lineweaver Wealth Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 16,772 shares of the company’s stock worth $5,322,000 after purchasing an additional 405 shares in the last quarter. Sage Capital Advisors llc increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 17.9% in the third quarter. Sage Capital Advisors llc now owns 844 shares of the company’s stock valued at $268,000 after buying an additional 128 shares during the period. Finally, Fragasso Financial Advisors Inc raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.3% during the third quarter. Fragasso Financial Advisors Inc now owns 4,453 shares of the company’s stock valued at $1,425,000 after acquiring an additional 99 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 2.6%

Shares of MTUM opened at $304.88 on Thursday. The stock’s 50-day moving average price is $310.18 and its two-hundred day moving average price is $303.48. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The company has a market capitalization of $22.26 billion, a PE ratio of 28.67 and a beta of 1.02.

Shares of iShares MSCI USA Momentum Factor ETF are set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Wednesday, November 4th.

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.