Golden State Wealth Management LLC Has $1 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Golden State Wealth Management LLC trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 15.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,170 shares of the company’s stock after selling 783 shares during the quarter. Golden State Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,002,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after acquiring an additional 1,094,104 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $2,162,511,000. Raymond James Financial Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 5.5% in the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after purchasing an additional 151,872 shares during the last quarter. LPL Financial LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 0.3% during the first quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock worth $396,197,000 after purchasing an additional 5,473 shares during the period. Finally, Assetmark Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.4% during the second quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock valued at $445,958,000 after purchasing an additional 42,864 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 18.1%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $246.87 on Friday. The firm has a fifty day simple moving average of $252.72 and a 200-day simple moving average of $239.35. The stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99.

iShares MSCI USA Momentum Factor ETF 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.