iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.7% during the first quarter, HoldingsChannel reports. The firm owned 1,161 shares of the company’s stock after selling 57 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sowell Financial Services LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $1,815,000. Janney Montgomery Scott LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.7% in the first quarter. Janney Montgomery Scott LLC now owns 436,580 shares of the company’s stock valued at $88,246,000 after acquiring an additional 11,483 shares in the last quarter. Brown Miller Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $372,000. 1900 Wealth Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.8% during the first quarter. 1900 Wealth Management LLC now owns 137,128 shares of the company’s stock worth $27,718,000 after acquiring an additional 2,404 shares during the period. Finally, Acropolis Investment Management LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1.0% during the first quarter. Acropolis Investment Management LLC now owns 126,663 shares of the company’s stock worth $25,602,000 after purchasing an additional 1,292 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 10.8%

Shares of BATS:MTUM opened at $231.63 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $234.78. The company has a 50-day moving average price of $217.78 and a 200 day moving average price of $213.78. The company has a market cap of $16.98 billion, a P/E ratio of 28.96 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.