Global Wealth Strategies & Associates Cuts Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Global Wealth Strategies & Associates decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 44,543 shares of the company’s stock after selling 4,363 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 3.1% of Global Wealth Strategies & Associates’ portfolio, making the stock its 7th biggest position. Global Wealth Strategies & Associates owned about 0.06% of iShares MSCI USA Momentum Factor ETF worth $10,705,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MTUM. Mullooly Asset Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $2,162,511,000. BNP Paribas Financial Markets increased its position in shares of iShares MSCI USA Momentum Factor ETF by 102.6% during the 1st quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock worth $129,867,000 after purchasing an additional 325,369 shares during the last quarter. Liberty Wealth Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 1,227.8% during the 1st quarter. Liberty Wealth Management LLC now owns 337,221 shares of the company’s stock worth $68,162,000 after purchasing an additional 311,824 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 21.7% during the 1st quarter. Ameriprise Financial Inc. now owns 1,062,702 shares of the company’s stock worth $214,804,000 after purchasing an additional 189,281 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 25.0% during the 1st quarter. Citigroup Inc. now owns 901,342 shares of the company’s stock worth $182,188,000 after purchasing an additional 179,994 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.3%

BATS:MTUM opened at $253.51 on Friday. The firm has a market capitalization of $18.51 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The stock’s 50 day moving average price is $242.83 and its two-hundred day moving average price is $224.74.

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.