Greenleaf Trust Sells 4,500 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Greenleaf Trust lessened its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 77.5% in the fourth quarter, HoldingsChannel reports. The fund owned 1,308 shares of the company’s stock after selling 4,500 shares during the period. Greenleaf Trust’s holdings in iShares MSCI USA Momentum Factor ETF were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.2% during the third quarter. Envestnet Asset Management Inc. now owns 6,913,845 shares of the company’s stock worth $965,864,000 after buying an additional 277,017 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock worth $914,424,000 after acquiring an additional 317,802 shares during the last quarter. Assetmark Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the 3rd quarter. Assetmark Inc. now owns 1,584,283 shares of the company’s stock worth $221,324,000 after acquiring an additional 137,311 shares during the last quarter. Savant Capital LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 11.1% in the 3rd quarter. Savant Capital LLC now owns 1,008,323 shares of the company’s stock worth $140,863,000 after acquiring an additional 100,774 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in iShares MSCI USA Momentum Factor ETF by 4.1% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 786,013 shares of the company’s stock valued at $109,806,000 after buying an additional 31,178 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $177.43 on Friday. The firm has a 50-day moving average price of $183.37 and a two-hundred day moving average price of $164.27. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 19.19 and a beta of 1.10.

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.