iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,895,907 shares of the company’s stock after selling 370,676 shares during the period. Envestnet Asset Management Inc. owned 14.58% of iShares MSCI USA Momentum Factor ETF worth $1,538,675,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MTUM. First Personal Financial Services purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth $27,000. Able Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $28,000. Woodmont Investment Counsel LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $28,000. GAMMA Investing LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $29,000. Finally, Family Capital Trust Co purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $34,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $196.76 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The company has a 50 day moving average price of $191.88 and a 200 day moving average price of $188.76. The stock has a market capitalization of $10.65 billion, a P/E ratio of 18.53 and a beta of 1.10.

iShares MSCI USA Momentum Factor ETF 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.