Legacy Private Trust Co. Cuts Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Legacy Private Trust Co. trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 40.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,949 shares of the company’s stock after selling 17,130 shares during the period. Legacy Private Trust Co.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,599,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Summit Wealth Group LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 16,086.2% in the first quarter. Summit Wealth Group LLC now owns 10,831,939 shares of the company’s stock valued at $78,000 after buying an additional 10,765,018 shares in the last quarter. Captrust Financial Advisors grew its position in iShares MSCI USA Momentum Factor ETF by 1,777.3% in the fourth quarter. Captrust Financial Advisors now owns 1,744,129 shares of the company’s stock valued at $254,521,000 after acquiring an additional 1,651,221 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4,447.7% during the fourth quarter. JPMorgan Chase & Co. now owns 661,558 shares of the company’s stock valued at $96,542,000 after purchasing an additional 647,011 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $170,936,000. Finally, M&T Bank Corp boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 353.8% in the fourth quarter. M&T Bank Corp now owns 590,180 shares of the company’s stock valued at $59,945,000 after purchasing an additional 460,113 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM traded up $1.19 during trading hours on Friday, reaching $146.64. 249,790 shares of the stock traded hands. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 19.35 and a beta of 0.91. The firm’s fifty day simple moving average is $145.16 and its two-hundred day simple moving average is $141.70.

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.