iShares MSCI USA Momentum Factor ETF $MTUM Holdings Trimmed by Midwest Capital Advisors LLC

Midwest Capital Advisors LLC reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 89.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,685 shares of the company’s stock after selling 21,765 shares during the quarter. Midwest Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $852,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MTUM. Sequoia Financial Advisors LLC raised its position in iShares MSCI USA Momentum Factor ETF by 6.7% during the second quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock valued at $35,604,000 after buying an additional 6,557 shares during the period. Legacy Wealth Managment LLC ID lifted its stake in iShares MSCI USA Momentum Factor ETF by 772.6% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock worth $1,472,000 after acquiring an additional 3,801 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $18,576,000. First Heartland Consultants Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 149.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock worth $13,550,000 after acquiring an additional 25,614 shares during the period. Finally, Shah Wealth Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $16,707,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $66.87 on Tuesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $57.35 and a fifty-two week high of $86.40. The stock’s 50-day moving average is $75.53 and its two-hundred day moving average is $72.52. The stock has a market cap of $16.62 billion, a PE ratio of 20.77 and a beta of 1.09.

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.