iShares MSCI USA Momentum Factor ETF $MTUM Position Cut by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 43.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,979 shares of the company’s stock after selling 4,559 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,435,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Modern Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 45.0% in the 1st quarter. Modern Wealth Management LLC now owns 31,785 shares of the company’s stock valued at $7,795,000 after purchasing an additional 9,864 shares during the last quarter. Keebeck Wealth Management grew its position in iShares MSCI USA Momentum Factor ETF by 14.6% in the 1st quarter. Keebeck Wealth Management now owns 20,032 shares of the company’s stock worth $4,807,000 after purchasing an additional 2,555 shares during the last quarter. Gibbs Wealth Management increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 111.7% in the first quarter. Gibbs Wealth Management now owns 2,098 shares of the company’s stock valued at $504,000 after purchasing an additional 1,107 shares during the period. Group One Trading LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $80,000. Finally, Lido Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.4% during the first quarter. Lido Advisors LLC now owns 155,224 shares of the company’s stock valued at $37,253,000 after buying an additional 2,157 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $306.39 on Monday. The stock has a 50 day simple moving average of $318.06 and a 200-day simple moving average of $280.33. The company has a market cap of $22.37 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.

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.