Merit Financial Group LLC Trims Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Merit Financial Group LLC lowered its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 20.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,471 shares of the company’s stock after selling 70,869 shares during the period. Merit Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $94,097,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Corient Private Wealth LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after buying an additional 1,332,181 shares during the period. LPL Financial LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after acquiring an additional 652,414 shares during the period. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after acquiring an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 55.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after acquiring an additional 256,639 shares in the last quarter. Finally, CWM LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after acquiring an additional 230,310 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $314.73 on Thursday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The business has a fifty day moving average price of $316.52 and a 200-day moving average price of $284.65. The firm has a market capitalization of $22.98 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.