Strid Group LLC lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 9.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,119 shares of the company’s stock after selling 113 shares during the period. Strid Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $269,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mullooly Asset Management Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $2,162,511,000. Raymond James Financial Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 5.5% in the first quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after buying an additional 151,872 shares in the last quarter. LPL Financial LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 0.3% in the first quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock worth $396,197,000 after buying an additional 5,473 shares in the last quarter. Assetmark Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 3.5% in the first quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock worth $366,425,000 after buying an additional 61,915 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in iShares MSCI USA Momentum Factor ETF by 0.3% in the first quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock worth $261,777,000 after buying an additional 4,200 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Performance
BATS:MTUM opened at $254.15 on Friday. The firm has a market cap of $18.55 billion, a PE ratio of 28.67 and a beta of 1.02. 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 has a 50 day moving average price of $247.84 and a 200-day moving average price of $229.67.
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.
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