Franklin Resources Inc. Cuts Position in iShares MSCI USA Momentum Factor ETF $MTUM

Franklin Resources Inc. decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 85.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,752 shares of the company’s stock after selling 81,556 shares during the quarter. Franklin Resources Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC increased its position in iShares MSCI USA Momentum Factor ETF by 262.2% in the second 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 last quarter. GAMMA Investing LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares in the last quarter. Hilltop National Bank purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $55,000. Fortitude Family Office LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 109.0% in the 2nd quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $61,000 after buying an additional 133 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $65,000.

iShares MSCI USA Momentum Factor ETF Trading Up 19.1%

Shares of BATS:MTUM opened at $248.89 on Wednesday. The company has a market cap of $18.17 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The company has a 50-day moving average price of $251.17 and a 200 day moving average price of $243.83.

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.