Jmac Enterprises LLC Trims Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Jmac Enterprises LLC decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 36,589 shares of the company’s stock after selling 1,334 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 1.9% of Jmac Enterprises LLC’s holdings, making the stock its 19th largest holding. Jmac Enterprises LLC owned about 0.05% of iShares MSCI USA Momentum Factor ETF worth $8,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mullooly Asset Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $2,162,511,000. Raymond James Financial Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.5% during the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after acquiring an additional 151,872 shares during the period. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the 1st quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock worth $396,197,000 after acquiring an additional 5,473 shares during the period. Assetmark Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.5% during the 1st quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock worth $366,425,000 after acquiring an additional 61,915 shares during the period. Finally, State of Michigan Retirement System grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock worth $261,777,000 after acquiring an additional 4,200 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $255.72 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The business’s 50 day moving average price is $247.58 and its two-hundred day moving average price is $229.33. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.