iShares MSCI USA Momentum Factor ETF $MTUM Stock: MGO One Seven LLC Reduces Holdings

MGO One Seven LLC trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,271 shares of the company’s stock after selling 4,656 shares during the quarter. MGO One Seven LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $15,318,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. State of Michigan Retirement System lifted its position in iShares MSCI USA Momentum Factor ETF by 4.1% during the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after acquiring an additional 52,800 shares in the last quarter. Orgel Wealth Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 27.0% during the third quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock valued at $271,091,000 after buying an additional 181,536 shares in the last quarter. Cetera Investment Advisers raised its stake in iShares MSCI USA Momentum Factor ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock worth $146,766,000 after acquiring an additional 4,261 shares during the period. Royal Bank of Canada lifted its stake in iShares MSCI USA Momentum Factor ETF by 5.6% in the first quarter. Royal Bank of Canada now owns 507,713 shares of the company’s stock valued at $121,845,000 after buying an additional 26,884 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in iShares MSCI USA Momentum Factor ETF by 10.6% in the 1st quarter. Bank of New York Mellon Corp now owns 424,939 shares of the company’s stock valued at $101,981,000 after purchasing an additional 40,666 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $284.10 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The stock has a market capitalization of $20.74 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a 50 day simple moving average of $306.44 and a 200-day simple moving average of $289.79.

iShares MSCI USA Momentum Factor ETF shares are going to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

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.