iShares MSCI USA Momentum Factor ETF $MTUM Stock Position Cut by Elevated Financial Group LLC

Elevated Financial Group LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,151 shares of the company’s stock after selling 3,729 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 2.9% of Elevated Financial Group LLC’s holdings, making the stock its 10th biggest holding. Elevated Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $10,520,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. ShoreHaven Wealth Partners LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 6.1% during the third quarter. ShoreHaven Wealth Partners LLC now owns 18,044 shares of the company’s stock worth $5,726,000 after acquiring an additional 1,040 shares in the last quarter. Sweeney & Michel LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.9% in the 3rd quarter. Sweeney & Michel LLC now owns 9,957 shares of the company’s stock valued at $3,160,000 after purchasing an additional 188 shares in the last quarter. Peddock Capital Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.6% in the 3rd quarter. Peddock Capital Advisors LLC now owns 22,445 shares of the company’s stock valued at $7,123,000 after purchasing an additional 772 shares in the last quarter. Aspiriant LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $252,000. Finally, YANKCOM Partnership bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $31,000.

iShares MSCI USA Momentum Factor ETF Trading Down 2.8%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $293.17 on Friday. The firm’s 50 day moving average is $309.73 and its 200 day moving average is $303.87. The firm has a market capitalization of $21.40 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59.

iShares MSCI USA Momentum Factor ETF shares are going to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell 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.