Goldstein Advisors LLC Has $2.23 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Goldstein Advisors LLC trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,265 shares of the company’s stock after selling 129 shares during the quarter. Goldstein Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,227,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTUM. Bank of New York Mellon Corp grew its position 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 purchasing an additional 11,729 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 3.9% during the first quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock worth $364,000 after buying an additional 67 shares in the last quarter. Symmetry Partners LLC grew its position in iShares MSCI USA Momentum Factor ETF by 7.7% during the second quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock worth $53,078,000 after buying an additional 15,774 shares in the last quarter. Fortune Financial Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 46.2% during the second quarter. Fortune Financial Advisors LLC now owns 2,029 shares of the company’s stock worth $488,000 after buying an additional 641 shares in the last quarter. Finally, Scissortail Wealth Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $4,529,000.

iShares MSCI USA Momentum Factor ETF Stock Up 21.0%

MTUM stock opened at $252.87 on Friday. 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 $18.46 billion, a PE ratio of 28.67 and a beta of 1.02. The business’s 50-day simple moving average is $250.24 and its 200 day simple moving average is $233.03.

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.