Endeavor Private Wealth Inc. Sells 2,004 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Endeavor Private Wealth Inc. reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,206 shares of the company’s stock after selling 2,004 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 1.2% of Endeavor Private Wealth Inc.’s investment portfolio, making the stock its 21st biggest position. Endeavor Private Wealth Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,870,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MTUM. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Financial Network Wealth Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the period. Fairway Wealth LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth approximately $36,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $26,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.8%

Shares of BATS MTUM opened at $304.86 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The firm has a market capitalization of $22.25 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm has a 50 day moving average of $309.56 and a 200 day moving average of $290.44.

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.