iShares MSCI USA Momentum Factor ETF $MTUM Stake Lowered by Trinity Wealth Management LLC

Trinity Wealth Management LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,394 shares of the company’s stock after selling 27,166 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 6.8% of Trinity Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Trinity Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $18,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Silverlake Wealth Management LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1.1% in the second quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock valued at $941,000 after purchasing an additional 43 shares in the last quarter. Teamwork Financial Advisors LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 2nd quarter. Teamwork Financial Advisors LLC now owns 1,709 shares of the company’s stock valued at $411,000 after buying an additional 44 shares during the last quarter. Cape Investment Advisory Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 8.0% in the 2nd quarter. Cape Investment Advisory Inc. now owns 651 shares of the company’s stock valued at $156,000 after buying an additional 48 shares in the last quarter. Vantage Point Financial LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.2% in the second quarter. Vantage Point Financial LLC now owns 2,368 shares of the company’s stock worth $569,000 after buying an additional 51 shares during the last quarter. Finally, StoneX Group Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 3.7% during the second quarter. StoneX Group Inc. now owns 1,590 shares of the company’s stock valued at $382,000 after acquiring an additional 56 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 15.8%

BATS MTUM opened at $241.92 on Thursday. The stock has a market capitalization of $17.66 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The company has a 50 day moving average price of $250.25 and a two-hundred day moving average price of $245.42.

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.