iShares MSCI USA Momentum Factor ETF $MTUM Stock Position Reduced by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,534 shares of the company’s stock after selling 3,622 shares during the period. Prime Capital Investment Advisors LLC owned 0.07% of iShares MSCI USA Momentum Factor ETF worth $16,989,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Flagship Capital Management Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.8% in the third quarter. Flagship Capital Management Inc. now owns 8,238 shares of the company’s stock worth $2,614,000 after buying an additional 378 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in iShares MSCI USA Momentum Factor ETF by 48.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,423 shares of the company’s stock valued at $1,404,000 after purchasing an additional 1,441 shares during the last quarter. New England Private Wealth Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 0.3% during the third quarter. New England Private Wealth Advisors LLC now owns 10,339 shares of the company’s stock valued at $3,281,000 after purchasing an additional 34 shares during the last quarter. Tenet Wealth Partners LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $248,000. Finally, Washburn Capital Management Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 8.1% in the 3rd quarter. Washburn Capital Management Inc. now owns 37,884 shares of the company’s stock worth $12,022,000 after buying an additional 2,842 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock traded up $0.68 during trading hours on Tuesday, reaching $296.39. The company’s stock had a trading volume of 443,957 shares, compared to its average volume of 1,227,630. The firm has a 50 day moving average price of $309.50 and a 200-day moving average price of $304.78. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The stock has a market cap of $21.64 billion, a P/E ratio of 28.67 and a beta of 1.02.

Shares of iShares MSCI USA Momentum Factor ETF are set to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

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.