iShares MSCI USA Momentum Factor ETF $MTUM Stock: Trek Financial LLC Trims Position

Trek Financial LLC lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 81.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,755 shares of the company’s stock after selling 29,647 shares during the period. Trek Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,144,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management Co purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $26,000. YANKCOM Partnership purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $31,000. Fairway Wealth LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth approximately $36,000. Finally, Morling Financial Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth approximately $50,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $275.14 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The firm has a 50 day moving average price of $305.84 and a 200 day moving average price of $289.87. The company has a market cap of $20.09 billion, a price-to-earnings 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 minted shares will be distributed to shareholders after the closing bell 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.