iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Professional Financial Advisors LLC

Professional Financial Advisors LLC reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 36.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,101 shares of the company’s stock after selling 13,805 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 1.8% of Professional Financial Advisors LLC’s investment portfolio, making the stock its 11th largest position. Professional Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. Bessemer Group Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 447.9% in the 1st quarter. Bessemer Group Inc. now owns 1,167 shares of the company’s stock worth $162,000 after acquiring an additional 954 shares during the last quarter. Opes Wealth Management LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 0.6% during the 1st quarter. Opes Wealth Management LLC now owns 43,461 shares of the company’s stock worth $6,043,000 after buying an additional 265 shares during the period. Brogan Financial Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% during the 1st quarter. Brogan Financial Inc. now owns 2,616 shares of the company’s stock worth $364,000 after buying an additional 86 shares during the period. TimeScale Financial Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $26,000. Finally, Cabot Wealth Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth about $224,000.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $144.31 on Tuesday. The company has a market cap of $8.98 billion, a P/E ratio of 19.35 and a beta of 0.91. 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 firm’s 50 day simple moving average is $145.24 and its 200-day simple moving average is $141.78.

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.