Valeo Financial Advisors LLC cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 2.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,838 shares of the company’s stock after selling 99 shares during the period. Valeo Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $922,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in MTUM. Cullen Frost Bankers Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $26,000. Compass Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $30,000. Cornerstone Planning Group LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st 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 last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $33,000. Finally, Harbor Investment Advisory LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd 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 last quarter.
iShares MSCI USA Momentum Factor ETF Stock Up 21.7%
Shares of BATS MTUM opened at $254.42 on Wednesday. The firm has a 50-day simple moving average of $248.39 and a 200-day simple moving average of $230.56. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99.
iShares MSCI USA Momentum Factor ETF Company 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.
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