Ergawealth Advisors Inc. Sells 2,911 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Ergawealth Advisors Inc. trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 66.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450 shares of the company’s stock after selling 2,911 shares during the period. Ergawealth Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $372,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after acquiring an additional 1,094,104 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $220,286,000. Orgel Wealth Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $158,559,000. Park Avenue Securities LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $109,923,000. Finally, Osaic Holdings Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 59.7% during the second quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock worth $120,371,000 after buying an additional 193,332 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 21.3%

iShares MSCI USA Momentum Factor ETF stock opened at $253.47 on Tuesday. The firm has a market capitalization of $18.50 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average price is $250.14 and its two-hundred day moving average price is $246.67. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.