Oxford Financial Group LTD. LLC Trims Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Oxford Financial Group LTD. LLC reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 80,383 shares of the company’s stock after selling 2,805 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 1.1% of Oxford Financial Group LTD. LLC’s investment portfolio, making the stock its 17th largest position. Oxford Financial Group LTD. LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $16,633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTUM. Raymond James Financial Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $574,824,000. Envestnet Portfolio Solutions Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 5,196.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock valued at $142,658,000 after acquiring an additional 676,419 shares in the last quarter. Park Avenue Securities LLC grew its position in iShares MSCI USA Momentum Factor ETF by 1,055.4% in the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after acquiring an additional 463,387 shares in the last quarter. Summit Rock Advisors LP acquired a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $65,392,000. Finally, Janney Montgomery Scott LLC grew its position in iShares MSCI USA Momentum Factor ETF by 140.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after acquiring an additional 248,600 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $203.82 on Friday. The company has a market cap of $14.01 billion, a P/E ratio of 27.42 and a beta of 0.99. The stock has a 50-day moving average of $215.44 and a two-hundred day moving average of $209.76. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $229.77.

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.