Whalen Wealth Management Inc. Sells 5,829 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Whalen Wealth Management Inc. trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 86.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 937 shares of the company’s stock after selling 5,829 shares during the period. Whalen Wealth Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $240,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Acropolis Investment Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the third quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after acquiring an additional 5,813 shares during the period. Advocacy Wealth Management Services LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.7% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after purchasing an additional 4,752 shares during the last quarter. Beacon Financial Group grew its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after buying an additional 2,203 shares during the period. Allworth Financial LP raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 88.4% during the second quarter. Allworth Financial LP now owns 18,613 shares of the company’s stock worth $4,473,000 after buying an additional 8,731 shares during the last quarter. Finally, Gilbert Capital Group Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $3,750,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $251.10 on Friday. The firm has a fifty day moving average of $250.08 and a two-hundred day moving average of $245.55. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.