1,975 iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Elm3 Financial Group LLC

Elm3 Financial Group LLC reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 19.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,280 shares of the company’s stock after selling 1,975 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.8% of Elm3 Financial Group LLC’s portfolio, making the stock its 14th largest position. Elm3 Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,628,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MTUM. Corient Private Wealth LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 185.9% during 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 period. State of Michigan Retirement System lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% in the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after buying an additional 52,800 shares during the period. Blue Trust Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 1st quarter. Blue Trust Inc. now owns 1,274,963 shares of the company’s stock worth $305,978,000 after buying an additional 32,573 shares during the last quarter. Cerity Partners LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the fourth quarter. Cerity Partners LLC now owns 1,156,354 shares of the company’s stock valued at $289,447,000 after buying an additional 4,402 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.1% during the fourth quarter. MML Investors Services LLC now owns 694,449 shares of the company’s stock valued at $173,828,000 after buying an additional 63,584 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $2.03 during midday trading on Wednesday, reaching $322.42. 847,875 shares of the company’s stock traded hands, compared to its average volume of 1,241,730. The stock has a 50 day moving average of $308.46 and a 200-day moving average of $300.46. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The company has a market cap of $23.54 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF shares are going to split on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be payable 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.