BridgePort Financial Solutions LLC Trims Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

BridgePort Financial Solutions LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,789 shares of the company’s stock after selling 434 shares during the period. BridgePort Financial Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock valued at $43,475,000 after buying an additional 11,729 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock valued at $382,000 after buying an additional 256 shares during the last quarter. CX Institutional purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $43,000. Johnson Investment Counsel Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the first quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock valued at $364,000 after buying an additional 67 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $1,213,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $254.15 on Friday. The company has a 50-day simple moving average of $247.84 and a 200-day simple moving average of $229.67. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The stock has a market capitalization of $18.55 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.