Members Advisory Group LLC Sells 15,224 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Members Advisory Group LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 91.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,336 shares of the company’s stock after selling 15,224 shares during the period. Members Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $321,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MTUM. Bison Wealth LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $2,488,000. Russell Investments Group Ltd. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after buying an additional 128 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth about $350,000. Finally, Qube Research & Technologies Ltd grew its stake in iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after buying an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2%

BATS MTUM opened at $312.67 on Thursday. The stock’s 50-day simple moving average is $317.25 and its two-hundred day simple moving average is $277.60. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.