Ameritas Advisory Services LLC Sells 115,445 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Ameritas Advisory Services LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 86.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,942 shares of the company’s stock after selling 115,445 shares during the period. Ameritas Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,601,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MTUM. 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 worth $32,361,000 after acquiring an additional 5,813 shares during the period. Strategic Blueprint LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 18.9% during the 3rd quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock worth $7,713,000 after purchasing an additional 4,790 shares in the last quarter. Advocacy Wealth Management Services LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 5.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after purchasing an additional 4,752 shares during the period. Beacon Financial Group increased its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% in the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after purchasing 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 third quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock valued at $3,223,000 after purchasing an additional 11,093 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 1.9%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $250.20 on Friday. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The firm’s 50-day moving average price is $254.17 and its two-hundred day moving average price is $250.83.

About iShares MSCI USA Momentum Factor ETF

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.