Envestnet Asset Management Inc. Decreases Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Envestnet Asset Management Inc. lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,899,452 shares of the company’s stock after selling 571,816 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of iShares MSCI USA Momentum Factor ETF worth $2,708,168,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MTUM. Waystone Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $1,040,000. Rothschild Wealth LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 70.2% in the 4th quarter. Rothschild Wealth LLC now owns 29,267 shares of the company’s stock valued at $7,326,000 after acquiring an additional 12,072 shares during the last quarter. Straight Path Wealth Management raised its holdings in iShares MSCI USA Momentum Factor ETF by 3.5% in the 4th quarter. Straight Path Wealth Management now owns 72,195 shares of the company’s stock valued at $18,071,000 after acquiring an additional 2,422 shares during the last quarter. LPL Financial LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after acquiring an additional 652,414 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 37.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 572,521 shares of the company’s stock worth $143,308,000 after purchasing an additional 154,687 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.3%

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $0.95 on Wednesday, hitting $316.95. 2,523,134 shares of the company were exchanged, compared to its average volume of 1,253,451. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average price of $305.87 and a 200 day moving average price of $295.30. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59.

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.