Arrowroot Family Office LLC Sells 681 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Arrowroot Family Office LLC cut its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 29.1% in the third quarter, HoldingsChannel reports. The firm owned 1,658 shares of the company’s stock after selling 681 shares during the period. Arrowroot Family Office LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $336,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after purchasing an additional 213,637 shares in the last quarter. Assetmark Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after purchasing an additional 72,891 shares during the last quarter. Cerity Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the third quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after buying an additional 26,235 shares during the last quarter. FMR LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 12.2% during the third quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after buying an additional 73,442 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.0% in the 3rd quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock valued at $125,668,000 after buying an additional 11,968 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.6 %

BATS:MTUM opened at $216.52 on Monday. The firm has a 50 day moving average of $207.70 and a 200 day moving average of $197.81. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.