iShares MSCI USA Momentum Factor ETF $MTUM Stake Lowered by RFG Advisory LLC

RFG Advisory LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.5% in the second quarter, Holdings Channel.com reports. The fund owned 7,713 shares of the company’s stock after selling 2,642 shares during the quarter. RFG Advisory LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,644,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Waystone Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $1,040,000. Sound Portfolio Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $6,230,000. Straight Path Wealth Management boosted its stake in iShares MSCI USA Momentum Factor ETF by 3.5% in the 4th quarter. Straight Path Wealth Management now owns 72,195 shares of the company’s stock valued at $18,071,000 after buying an additional 2,422 shares in the last quarter. LPL Financial LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 242.5% during the fourth quarter. Global Retirement Partners LLC now owns 35,226 shares of the company’s stock worth $8,817,000 after buying an additional 24,940 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $303.15 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The business’s fifty day moving average is $307.61 and its two-hundred day moving average is $292.21. The firm has a market cap of $22.13 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.