Elm3 Financial Group LLC Trims Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Elm3 Financial Group LLC reduced its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 18.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,657 shares of the company’s stock after selling 3,279 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 3.1% of Elm3 Financial Group LLC’s investment portfolio, making the stock its 7th largest holding. Elm3 Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,759,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after purchasing an additional 1,094,104 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $220,286,000. Orgel Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $158,559,000. Park Avenue Securities LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $109,923,000. Finally, Osaic Holdings Inc. raised its holdings in shares of 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 acquiring an additional 193,332 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 20.9%

MTUM opened at $252.65 on Friday. The stock has a market capitalization of $18.44 billion, a P/E 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 firm’s fifty day simple moving average is $250.00 and its 200 day simple moving average is $247.14.

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