iShares MSCI USA Momentum Factor ETF $MTUM Stock Holdings Trimmed by PKS Advisory Services LLC

PKS Advisory Services LLC trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,948 shares of the company’s stock after selling 249 shares during the quarter. PKS Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,189,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MTUM. Allworth Financial LP lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 88.4% in the 2nd quarter. Allworth Financial LP now owns 18,613 shares of the company’s stock valued at $4,473,000 after purchasing an additional 8,731 shares during the period. Symmetry Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 7.7% in the second quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock valued at $53,078,000 after buying an additional 15,774 shares during the period. Bank of New York Mellon Corp boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 219,172 shares of the company’s stock worth $52,671,000 after buying an additional 4,086 shares during the last quarter. AE Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 3.2% during the 2nd quarter. AE Wealth Management LLC now owns 95,876 shares of the company’s stock worth $23,041,000 after buying an additional 3,008 shares during the period. Finally, Fortune Financial Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 46.2% during the 2nd quarter. Fortune Financial Advisors LLC now owns 2,029 shares of the company’s stock worth $488,000 after buying an additional 641 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 16.3%

Shares of MTUM stock opened at $242.97 on Thursday. The firm has a fifty day moving average of $252.98 and a 200-day moving average of $242.23. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The firm has a market capitalization of $17.74 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.