iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Hyundai Investments Co. Ltd.

Hyundai Investments Co. Ltd. trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 68.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,113 shares of the company’s stock after selling 4,675 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 0.8% of Hyundai Investments Co. Ltd.’s investment portfolio, making the stock its 10th largest position. Hyundai Investments Co. Ltd.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $710,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Corient Private Wealth LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after acquiring an additional 1,332,181 shares during the period. LPL Financial LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after purchasing an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 55.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after purchasing an additional 256,639 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after purchasing an additional 229,850 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $304.86 on Monday. The company has a market cap of $22.25 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a fifty day simple moving average of $309.56 and a 200-day simple moving average of $290.72. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59.

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.