Fairvoy Private Wealth LLC Sells 18,946 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Fairvoy Private Wealth LLC lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 89.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,338 shares of the company’s stock after selling 18,946 shares during the period. Fairvoy Private Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $561,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after purchasing an additional 229,850 shares during the period. LPL Financial LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after buying an additional 652,414 shares during the period. Raymond James Financial Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after buying an additional 152,723 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after buying an additional 1,332,181 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after buying an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $339.30 on Friday. The stock has a fifty day moving average of $305.20 and a 200-day moving average of $270.68. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The company has a market capitalization of $24.77 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.