CogentBlue Wealth Advisors LLC Has $313,000 Stake in iShares MSCI USA Momentum Factor ETF $MTUM

CogentBlue Wealth Advisors LLC trimmed its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,302 shares of the company’s stock after selling 211 shares during the period. CogentBlue Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MTUM. Bank of New York Mellon Corp boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock valued at $43,475,000 after acquiring an additional 11,729 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 15.7% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock valued at $382,000 after purchasing an additional 256 shares during the period. CX Institutional bought a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $43,000. Johnson Investment Counsel Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 3.9% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock worth $364,000 after purchasing an additional 67 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $1,213,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $254.65 on Friday. The company has a 50-day simple moving average of $246.25 and a 200-day simple moving average of $227.76. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The firm has a market capitalization of $18.59 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.