CGN Advisors LLC Sells 499 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

CGN Advisors LLC cut its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,768 shares of the company’s stock after selling 499 shares during the period. CGN Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1,055.4% during the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after purchasing an additional 463,387 shares in the last quarter. Citigroup Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% during the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after acquiring an additional 234,524 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 455.1% during the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock worth $33,952,000 after acquiring an additional 129,521 shares during the period. FMR LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 12.2% in the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after acquiring an additional 73,442 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock worth $343,269,000 after purchasing an additional 72,891 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $217.36 on Friday. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The business’s 50-day moving average price is $211.85 and its two-hundred day moving average price is $202.56. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60.

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.