CGN Advisors LLC Sells 159 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

CGN Advisors LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,105 shares of the company’s stock after selling 159 shares during the quarter. CGN Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $592,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. TimeScale Financial Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $26,000. HHM Wealth Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 900.0% during the first quarter. HHM Wealth Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 171 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $32,000. Strategic Investment Solutions Inc. IL bought a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $31,000. Finally, Fortis Capital Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 44.9% during the 1st quarter. Fortis Capital Advisors LLC now owns 271 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $143.99 on Friday. The company has a 50-day simple moving average of $145.21 and a two-hundred day simple moving average of $141.72. The stock has a market capitalization of $8.96 billion, a PE ratio of 19.35 and a beta of 0.91. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

About iShares MSCI USA Momentum Factor ETF

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.