iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,699 shares of the company’s stock after selling 2,300 shares during the period. ARQ Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,513,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $25,000. TFC Financial Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $28,000. United Financial Planning Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $28,000. Howe & Rusling Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after purchasing an additional 102 shares during the last quarter. Finally, Ameriflex Group Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 604.3% during the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock worth $42,000 after purchasing an additional 139 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.6%

Shares of BATS:MTUM opened at $248.23 on Wednesday. The company has a market capitalization of $18.12 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The firm has a 50 day simple moving average of $253.10 and a 200-day simple moving average of $251.97.

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.