Claro Advisors Inc. Sells 16,718 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Claro Advisors Inc. trimmed its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 84.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,149 shares of the company’s stock after selling 16,718 shares during the period. Claro Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $999,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State of Michigan Retirement System lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.1% in 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 acquiring an additional 52,800 shares in the last quarter. Orgel Wealth Management LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 27.0% during the 3rd quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock valued at $271,091,000 after buying an additional 181,536 shares in the last quarter. Cetera Investment Advisers grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock valued at $146,766,000 after buying an additional 4,261 shares in the last quarter. Royal Bank of Canada grew its holdings in iShares MSCI USA Momentum Factor ETF by 5.6% during the 1st quarter. Royal Bank of Canada now owns 507,713 shares of the company’s stock valued at $121,845,000 after buying an additional 26,884 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of iShares MSCI USA Momentum Factor ETF by 10.6% during the first quarter. Bank of New York Mellon Corp now owns 424,939 shares of the company’s stock valued at $101,981,000 after buying an additional 40,666 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock traded up $1.16 during mid-day trading on Friday, hitting $63.76. The company had a trading volume of 4,145,160 shares, compared to its average volume of 4,903,733. iShares MSCI USA Momentum Factor ETF has a 52-week low of $57.35 and a 52-week high of $86.40. The stock’s 50 day moving average price is $75.69 and its 200-day moving average price is $72.51. The company has a market capitalization of $4.65 billion, a P/E ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.