BridgePort Financial Solutions LLC Decreases Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

BridgePort Financial Solutions LLC reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 31.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,775 shares of the company’s stock after selling 1,741 shares during the quarter. BridgePort Financial Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MTUM. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $25,000. Financial Network Wealth Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth about $26,000. Finally, Indiana Trust & Investment Management Co bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth about $26,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $317.21 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The company has a market cap of $23.16 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s 50-day moving average is $316.54 and its 200 day moving average is $285.30.

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.