Assetmark Inc. Has $375.73 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Assetmark Inc. lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,465,131 shares of the company’s stock after selling 390,553 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 0.8% of Assetmark Inc.’s portfolio, making the stock its 25th biggest position. Assetmark Inc. owned 2.01% of iShares MSCI USA Momentum Factor ETF worth $375,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MTUM. Bison Wealth LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares during the period. Empowered Funds LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth $2,488,000. MGO One Seven LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $1,701,000. Axxcess Wealth Management LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 44.3% during the second quarter. Axxcess Wealth Management LLC now owns 4,112 shares of the company’s stock worth $988,000 after purchasing an additional 1,262 shares during the period. Finally, Mutual Advisors LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 12.3% in the 2nd quarter. Mutual Advisors LLC now owns 5,930 shares of the company’s stock worth $1,431,000 after purchasing an additional 649 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 1.9%

BATS MTUM opened at $250.20 on Friday. The company has a market cap of $18.26 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 $171.51 and a 12-month high of $262.10. The company has a fifty day simple moving average of $254.17 and a 200 day simple moving average of $250.83.

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