Citigroup Inc. Sells 157,005 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Citigroup Inc. reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 34.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 299,390 shares of the company’s stock after selling 157,005 shares during the period. Citigroup Inc. owned about 0.41% of iShares MSCI USA Momentum Factor ETF worth $76,778,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bison Wealth LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $2,488,000. Asset Management One Co. Ltd. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $1,101,000. Focus Partners Advisor Solutions LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 8.7% in the second quarter. Focus Partners Advisor Solutions LLC now owns 6,895 shares of the company’s stock worth $1,657,000 after acquiring an additional 551 shares during the period. Finally, Brighton Jones LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 25.4% during the second quarter. Brighton Jones LLC now owns 1,653 shares of the company’s stock valued at $397,000 after purchasing an additional 335 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.6%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $254.77 on Monday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The company’s 50 day moving average is $254.08 and its 200 day moving average is $251.44. The company has a market cap of $18.60 billion, a price-to-earnings 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.