Fortis Group Advisors LLC Sells 13,968 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Fortis Group Advisors LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 47.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,480 shares of the company’s stock after selling 13,968 shares during the period. Fortis Group Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,935,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in shares of 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 worth $3,037,545,000 after purchasing an additional 1,094,104 shares during the last quarter. Osaic Holdings Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 59.7% in the 2nd 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 in the last quarter. Ameriprise Financial Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after buying an additional 168,340 shares during the last quarter. AdvisorShares Investments LLC raised its position in iShares MSCI USA Momentum Factor ETF by 60.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 431,238 shares of the company’s stock worth $103,635,000 after buying an additional 162,186 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 474.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 150,905 shares of the company’s stock valued at $36,265,000 after acquiring an additional 124,622 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.1%

Shares of MTUM stock opened at $251.65 on Wednesday. The company has a 50 day moving average price of $254.08 and a 200-day moving average price of $251.20. iShares MSCI USA Momentum Factor ETF has a 52 week low of $171.51 and a 52 week high of $262.10. The firm has a market capitalization of $18.37 billion, a PE ratio of 28.67 and a beta of 1.02.

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.