iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by ONE Advisory Partners LLC

ONE Advisory Partners LLC lessened its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 95.2% during the third quarter, HoldingsChannel.com reports. The fund owned 1,191 shares of the company’s stock after selling 23,796 shares during the period. ONE Advisory Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. State of Michigan Retirement System lifted its position in 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 valued at $321,608,000 after purchasing an additional 52,800 shares during the last quarter. Orgel Wealth Management LLC grew its position in iShares MSCI USA Momentum Factor ETF by 27.0% during the third quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock valued at $271,091,000 after acquiring an additional 181,536 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.7% during the first 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 in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the first quarter. Janney Montgomery Scott LLC now owns 601,408 shares of the company’s stock worth $144,332,000 after acquiring an additional 28,887 shares in the last quarter. Finally, Royal Bank of Canada raised 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 in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.3%

Shares of MTUM traded up $0.88 during mid-day trading on Friday, reaching $289.45. The company’s stock had a trading volume of 686,300 shares, compared to its average volume of 1,227,590. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The stock has a market cap of $21.13 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s fifty day moving average price is $307.84 and its two-hundred day moving average price is $305.70.

Shares of iShares MSCI USA Momentum Factor ETF are going to split on Thursday, November 5th. The 4-1 split was recently announced. The newly issued 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.