iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 45.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,186 shares of the company’s stock after selling 5,997 shares during the quarter. Cresset Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTUM. Raymond James Financial Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 0.4% during the second quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock worth $707,117,000 after acquiring an additional 12,526 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of 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 valued at $295,986,000 after purchasing an additional 168,340 shares in the last quarter. State of Michigan Retirement System lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.4% in the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after purchasing an additional 17,400 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock worth $295,418,000 after purchasing an additional 29,230 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 1,144,119 shares of the company’s stock worth $274,955,000 after purchasing an additional 83,739 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $241.48 on Monday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10. The firm has a 50 day moving average price of $254.03 and a 200 day moving average price of $251.84. The company has a market cap of $17.63 billion, a PE ratio of 28.67 and a beta of 1.02.

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.