Pettinga Financial Advisors LLC Sells 903 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Pettinga Financial Advisors LLC reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,960 shares of the company’s stock after selling 903 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.7% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Pettinga Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,681,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $26,000. Compass Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $30,000. Cornerstone Planning Group LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 140.3% during the 1st 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. Harbor Investment Advisory LLC lifted its position in shares of 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 worth $39,000 after purchasing an additional 118 shares during the period. Finally, CX Institutional acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $43,000.

iShares MSCI USA Momentum Factor ETF Trading Up 21.9%

Shares of MTUM stock opened at $254.83 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The firm has a market capitalization of $18.60 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a fifty day simple moving average of $249.92 and a two-hundred day simple moving average of $232.54.

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.