Capital Analysts LLC Sells 3,487 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Capital Analysts LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,943 shares of the company’s stock after selling 3,487 shares during the period. Capital Analysts LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,837,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.3% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,966 shares of the company’s stock valued at $2,045,000 after acquiring an additional 405 shares in the last quarter. IFP Advisors Inc grew its holdings in iShares MSCI USA Momentum Factor ETF by 79.4% during the 2nd quarter. IFP Advisors Inc now owns 31,818 shares of the company’s stock worth $10,908,000 after acquiring an additional 14,085 shares during the last quarter. Baird Financial Group Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 20.9% in the 2nd quarter. Baird Financial Group Inc. now owns 102,369 shares of the company’s stock valued at $35,095,000 after acquiring an additional 17,682 shares during the period. Arcus Capital Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at $234,000. Finally, XY Planning Network Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 33.4% during the second quarter. XY Planning Network Inc. now owns 1,721 shares of the company’s stock valued at $590,000 after acquiring an additional 431 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $308.69 on Wednesday. The firm has a market cap of $22.53 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average is $308.25 and its 200-day moving average is $291.48. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59.

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.