iShares MSCI USA Momentum Factor ETF $MTUM Position Lessened by AdvisorShares Investments LLC

AdvisorShares Investments LLC reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,210 shares of the company’s stock after selling 27,028 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 16.9% of AdvisorShares Investments LLC’s holdings, making the stock its largest position. AdvisorShares Investments LLC owned 0.55% of iShares MSCI USA Momentum Factor ETF worth $103,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Acropolis Investment Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after purchasing an additional 5,813 shares in the last quarter. Strategic Blueprint LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 18.9% during the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after buying an additional 4,790 shares during the last quarter. Advocacy Wealth Management Services LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.7% during the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after buying an additional 4,752 shares during the last quarter. Beacon Financial Group increased its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% in the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after acquiring an additional 2,203 shares during the period. Finally, FLP Wealth Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 753.1% in the 3rd quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock worth $3,223,000 after acquiring an additional 11,093 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $253.62 on Friday. The stock has a 50-day moving average of $253.77 and a two-hundred day moving average of $250.50. The stock has a market cap of $18.51 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99.

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.