Integrated Wealth Concepts LLC Trims Position in iShares MSCI USA Momentum Factor ETF $MTUM

Integrated Wealth Concepts LLC decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 156,329 shares of the company’s stock after selling 4,958 shares during the period. Integrated Wealth Concepts LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $53,594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTUM. Corient Private Wealth LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. LPL Financial LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th 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. JPMorgan Chase & Co. raised its position in iShares MSCI USA Momentum Factor ETF by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after buying an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after buying an additional 256,639 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after acquiring an additional 229,850 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 1.3%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $308.69 on Wednesday. The firm has a market cap of $22.53 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The company’s 50-day simple moving average is $308.25 and its 200-day simple moving average is $291.48.

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.