Cibc World Market Inc. Reduces Position in iShares MSCI USA Momentum Factor ETF $MTUM

Cibc World Market Inc. decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 74.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,481 shares of the company’s stock after selling 42,451 shares during the quarter. Cibc World Market Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,714,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. TFC Financial Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $28,000. Howe & Rusling Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 425.0% in the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after purchasing an additional 102 shares during the period. WFA of San Diego LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $46,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 397.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock valued at $57,000 after buying an additional 179 shares during the period. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $64,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $251.48 on Monday. The firm has a market capitalization of $18.36 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 $171.51 and a one year high of $262.10. The business has a fifty day moving average of $254.15 and a 200 day moving average of $251.04.

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.