iShares MSCI USA Momentum Factor ETF $MTUM Stake Lowered by Cypress Wealth Services LLC

Cypress Wealth Services LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 86.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,668 shares of the company’s stock after selling 10,864 shares during the quarter. Cypress Wealth Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kings Path Partners LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $61,000. Fifth Third Securities Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $1,867,000. Sowell Financial Services LLC increased its position in iShares MSCI USA Momentum Factor ETF by 6.5% in the 3rd quarter. Sowell Financial Services LLC now owns 18,309 shares of the company’s stock valued at $5,810,000 after acquiring an additional 1,120 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.6% in the third quarter. Pinnacle Associates Ltd. now owns 10,385 shares of the company’s stock worth $3,296,000 after acquiring an additional 160 shares during the last quarter. Finally, Flagship Capital Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.8% in the third quarter. Flagship Capital Management Inc. now owns 8,238 shares of the company’s stock worth $2,614,000 after acquiring an additional 378 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.3%

Shares of BATS MTUM opened at $299.56 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The company has a 50-day moving average of $308.94 and a two-hundred day moving average of $305.51. The company has a market cap of $21.87 billion, a PE ratio of 28.67 and a beta of 1.02.

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

iShares MSCI USA Momentum Factor ETF 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.