iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC lowered its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 30.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,433 shares of the company’s stock after selling 4,593 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 1.2% of Genesee Capital Advisors LLC’s holdings, making the stock its 19th largest position. Genesee Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,676,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Acropolis Investment Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the third quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after acquiring an additional 5,813 shares during the period. Strategic Blueprint LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 18.9% during the 3rd quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after purchasing an additional 4,790 shares in the last quarter. Beacon Financial Group increased its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after purchasing an additional 2,203 shares during the period. Advocacy Wealth Management Services LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.7% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after buying an additional 4,752 shares in the last quarter. Finally, FLP Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 753.1% in the third quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock valued at $3,223,000 after buying an additional 11,093 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 24.5%

Shares of MTUM stock opened at $260.13 on Wednesday. The stock has a 50-day simple moving average of $252.05 and a 200 day simple moving average of $249.69. The stock has a market capitalization of $18.99 billion, a P/E 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.

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.