iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Ehrlich Financial Group

Ehrlich Financial Group lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 74.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,530 shares of the company’s stock after selling 10,320 shares during the quarter. Ehrlich Financial Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. West Financial Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $1,094,000. Beaird Harris Wealth Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 25.7% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 135 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 17,360.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,746 shares of the company’s stock worth $599,000 after purchasing an additional 1,736 shares during the period. First Heartland Consultants Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 1.0% during the 2nd quarter. First Heartland Consultants Inc. now owns 17,083 shares of the company’s stock worth $5,856,000 after purchasing an additional 176 shares during the last quarter. Finally, Ryan Investment Management Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $428,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $309.32 on Friday. The firm has a market cap of $22.58 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The firm’s fifty day moving average is $317.36 and its two-hundred day moving average is $283.30.

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