iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 69.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,787 shares of the company’s stock after selling 17,735 shares during the quarter. Diversify Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,348,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Michigan Retirement System raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after purchasing an additional 52,800 shares during the last quarter. Orgel Wealth Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 27.0% in the 3rd quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock worth $271,091,000 after acquiring an additional 181,536 shares during the period. Cetera Investment Advisers lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock worth $146,766,000 after acquiring an additional 4,261 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.0% in the first quarter. Janney Montgomery Scott LLC now owns 601,408 shares of the company’s stock valued at $144,332,000 after acquiring an additional 28,887 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.6% during the first quarter. Royal Bank of Canada now owns 507,713 shares of the company’s stock worth $121,845,000 after acquiring an additional 26,884 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.3%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $289.45 on Friday. The firm has a market cap of $21.13 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The company’s 50-day simple moving average is $307.84 and its 200-day simple moving average is $305.70.

iShares MSCI USA Momentum Factor ETF’s stock is going to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

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.