iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Position Lessened by Audent Global Asset Management LLC

Audent Global Asset Management LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 32.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,329 shares of the company’s stock after selling 4,911 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 3.6% of Audent Global Asset Management LLC’s portfolio, making the stock its 10th biggest position. Audent Global Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MinichMacGregor Wealth Management LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 3.9% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after buying an additional 63 shares during the last quarter. GDS Wealth Management grew its stake in iShares MSCI USA Momentum Factor ETF by 3.2% during the 3rd quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock worth $426,000 after buying an additional 65 shares during the last quarter. Tyche Wealth Partners LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 2.7% during the 3rd quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock worth $514,000 after buying an additional 66 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 0.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,140 shares of the company’s stock worth $2,259,000 after buying an additional 66 shares during the last quarter. Finally, Eagle Strategies LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock worth $613,000 after buying an additional 77 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $216.52 on Monday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The stock’s fifty day moving average price is $207.70 and its 200 day moving average price is $197.81. The company has a market cap of $11.72 billion, a price-to-earnings 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.