Buttonwood Financial Group LLC Sells 461 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Buttonwood Financial Group LLC reduced its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 24,003 shares of the company’s stock after selling 461 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 2.9% of Buttonwood Financial Group LLC’s investment portfolio, making the stock its 10th biggest position. Buttonwood Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Golden State Equity Partners grew its position in shares of iShares MSCI USA Momentum Factor ETF by 17.9% in the second quarter. Golden State Equity Partners now owns 3,222 shares of the company’s stock valued at $774,000 after purchasing an additional 489 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of iShares MSCI USA Momentum Factor ETF by 24.0% in the second quarter. AdvisorNet Financial Inc now owns 692 shares of the company’s stock valued at $166,000 after purchasing an additional 134 shares during the last quarter. Financial Enhancement Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $1,144,000. Acropolis Investment Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1.7% in the second quarter. Acropolis Investment Management LLC now owns 128,846 shares of the company’s stock valued at $30,964,000 after purchasing an additional 2,183 shares during the last quarter. Finally, Armstrong Advisory Group Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 28.1% in the second quarter. Armstrong Advisory Group Inc. now owns 3,918 shares of the company’s stock valued at $942,000 after purchasing an additional 860 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 23.4%

MTUM stock opened at $257.80 on Tuesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The company has a market cap of $18.82 billion, a PE ratio of 28.67 and a beta of 1.02. The business’s 50-day simple moving average is $244.92 and its 200 day simple moving average is $226.46.

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.