iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 816,852 shares of the company’s stock after selling 23,641 shares during the period. JPMorgan Chase & Co.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $196,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Archvest Wealth Advisors Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 7.0% in the second quarter. Archvest Wealth Advisors Inc. now owns 17,045 shares of the company’s stock worth $4,096,000 after acquiring an additional 1,120 shares during the period. Absolute Capital Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 30.7% in the 2nd quarter. Absolute Capital Management LLC now owns 2,544 shares of the company’s stock valued at $612,000 after purchasing an additional 598 shares during the last quarter. GDS Wealth Management raised its stake in iShares MSCI USA Momentum Factor ETF by 9.8% in the second quarter. GDS Wealth Management now owns 2,767 shares of the company’s stock valued at $665,000 after buying an additional 247 shares in the last quarter. Dorsey Wright & Associates raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1.1% during the 2nd quarter. Dorsey Wright & Associates now owns 11,744 shares of the company’s stock worth $2,822,000 after acquiring an additional 128 shares in the last quarter. Finally, Copperleaf Capital LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 9.8% during the second quarter. Copperleaf Capital LLC now owns 5,538 shares of the company’s stock worth $1,331,000 after purchasing an additional 494 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $244.20 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The firm has a market cap of $17.83 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s 50-day moving average is $251.91 and its two-hundred day moving average is $243.09.

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.