Kestra Advisory Services LLC Sells 9,420 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Kestra Advisory Services LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,460 shares of the company’s stock after selling 9,420 shares during the period. Kestra Advisory Services LLC owned 0.14% of iShares MSCI USA Momentum Factor ETF worth $32,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Cowa LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 33.4% in the 3rd quarter. Cowa LLC now owns 3,181 shares of the company’s stock worth $1,010,000 after acquiring an additional 796 shares during the last quarter. Jmac Enterprises LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 0.3% during the 3rd quarter. Jmac Enterprises LLC now owns 35,545 shares of the company’s stock valued at $11,280,000 after purchasing an additional 115 shares during the last quarter. Basso Capital Management L.P. grew its stake in iShares MSCI USA Momentum Factor ETF by 65.4% during the 3rd quarter. Basso Capital Management L.P. now owns 20,591 shares of the company’s stock valued at $6,534,000 after purchasing an additional 8,144 shares during the last quarter. Team Financial Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $147,000. Finally, Provenance Wealth Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15,473.8% in the third quarter. Provenance Wealth Advisors LLC now owns 6,541 shares of the company’s stock valued at $2,076,000 after purchasing an additional 6,499 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 1.9%

Shares of MTUM stock traded up $1.16 during mid-day trading on Friday, reaching $63.76. The stock had a trading volume of 4,145,160 shares, compared to its average volume of 4,903,733. iShares MSCI USA Momentum Factor ETF has a 1-year low of $57.35 and a 1-year high of $86.40. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average is $75.69 and its 200-day moving average is $72.51.

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.