Kingswood Wealth Advisors LLC decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 82.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,047 shares of the company’s stock after selling 91,110 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,577,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock worth $43,475,000 after purchasing an additional 11,729 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in iShares MSCI USA Momentum Factor ETF by 15.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock worth $382,000 after purchasing an additional 256 shares during the period. CX Institutional purchased a new position in iShares MSCI USA Momentum Factor ETF in the first quarter worth $43,000. Johnson Investment Counsel Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock valued at $364,000 after purchasing an additional 67 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $1,213,000.
iShares MSCI USA Momentum Factor ETF Stock Up 21.7%
BATS:MTUM opened at $254.28 on Tuesday. The company has a market capitalization of $18.56 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a fifty day simple moving average of $248.11 and a 200-day simple moving average of $230.21. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99.
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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