iShares MSCI USA Momentum Factor ETF $MTUM Stock Holdings Lowered by Midwest Capital Advisors LLC

Midwest Capital Advisors LLC lowered its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 21,416 shares of the company’s stock after selling 204 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 2.7% of Midwest Capital Advisors LLC’s portfolio, making the stock its 11th biggest holding. Midwest Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,147,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $26,000. Compass Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $30,000. Cornerstone Planning Group LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% during the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after acquiring an additional 87 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $33,000. Finally, Harbor Investment Advisory LLC grew its position in iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after buying an additional 118 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 19.7%

Shares of MTUM opened at $250.07 on Friday. The firm has a 50-day moving average price of $249.19 and a 200 day moving average price of $231.36. The firm has a market capitalization of $18.26 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99.

iShares MSCI USA Momentum Factor ETF 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.