iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC cut its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 91.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,072 shares of the company’s stock after selling 10,782 shares during the period. Simplicity Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $340,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTUM. Indiana Trust & Investment Management Co purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $26,000. YANKCOM Partnership purchased a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $31,000. Fairway Wealth LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $36,000. Finally, Morling Financial Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $50,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $284.10 on Friday. The business has a fifty day moving average price of $306.44 and a 200 day moving average price of $289.79. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The company has a market cap of $20.74 billion, a P/E ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF’s stock is going to split on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be issued 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.