iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Sanchez Wealth Management Group

Sanchez Wealth Management Group lowered its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 93.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,845 shares of the company’s stock after selling 149,366 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 9.4% of Sanchez Wealth Management Group’s holdings, making the stock its 2nd biggest position. Sanchez Wealth Management Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,124,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Legacy Wealth Managment LLC ID raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 772.6% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock valued at $1,472,000 after purchasing an additional 3,801 shares during the period. Sequoia Financial Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 6.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock worth $35,604,000 after purchasing an additional 6,557 shares during the period. Nan Shan Life Insurance Co. Ltd. bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $18,576,000. First Heartland Consultants Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 149.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock valued at $13,550,000 after buying an additional 25,614 shares in the last quarter. Finally, Shah Wealth Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $16,707,000.

iShares MSCI USA Momentum Factor ETF Stock Down 2.0%

Shares of MTUM opened at $272.86 on Thursday. The business’s 50-day moving average price is $304.81 and its 200-day moving average price is $290.06. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The stock has a market cap of $19.92 billion, a PE 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.