NewEdge Advisors LLC Decreases Stake in iShares MSCI USA Momentum Factor ETF $MTUM

NewEdge Advisors LLC cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 20.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 317,902 shares of the company’s stock after selling 80,871 shares during the quarter. NewEdge Advisors LLC owned approximately 0.44% of iShares MSCI USA Momentum Factor ETF worth $108,986,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MTUM. Corient Private Wealth LLC increased its position in shares of 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 valued at $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. LPL Financial LLC lifted its position 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 last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the 4th 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. grew its stake 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 in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake 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 in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $308.69 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The firm has a market capitalization of $22.53 billion, a PE ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average price is $308.25 and its 200 day moving average price is $291.48.

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.