Quent Capital LLC Decreases Position in iShares MSCI USA Momentum Factor ETF $MTUM

Quent Capital LLC cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 44.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,466 shares of the company’s stock after selling 2,822 shares during the period. Quent Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $26,000. Compass Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its position in iShares MSCI USA Momentum Factor ETF by 140.3% during the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 87 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC raised its position in iShares MSCI USA Momentum Factor ETF by 262.2% during the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $254.15 on Friday. The business’s 50 day moving average price is $247.84 and its 200-day moving average price is $229.50. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.