iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 33.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,846 shares of the company’s stock after selling 7,621 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,807,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MTUM. TFC Financial Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $28,000. WFA of San Diego LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $46,000. GAMMA Investing LLC raised its position in iShares MSCI USA Momentum Factor ETF by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $55,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 397.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after acquiring an additional 179 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 22.3%

Shares of BATS:MTUM opened at $255.62 on Monday. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The firm’s 50-day simple moving average is $251.42 and its 200-day simple moving average is $249.38.

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.