iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 41.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 107,346 shares of the company’s stock after selling 74,618 shares during the period. New York Life Investment Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $34,065,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Orgel Wealth Management LLC increased its position in shares of 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 in the last quarter. Simplex Trading LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 103.3% in the 3rd quarter. Simplex Trading LLC now owns 5,474 shares of the company’s stock worth $1,737,000 after acquiring an additional 171,006 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 51.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 192,185 shares of the company’s stock worth $65,887,000 after acquiring an additional 65,103 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at approximately $18,576,000. Finally, State of Michigan Retirement System lifted its position 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 valued at $321,608,000 after acquiring an additional 52,800 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.2%

MTUM stock opened at $66.73 on Wednesday. The stock’s 50 day simple moving average is $75.36 and its 200 day simple moving average is $72.54. iShares MSCI USA Momentum Factor ETF has a 12-month low of $57.35 and a 12-month high of $86.40. The stock has a market capitalization of $16.59 billion, a PE ratio of 20.77 and a beta of 1.09.

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.