iShares MSCI USA Momentum Factor ETF $MTUM Stock Position Cut by Novem Group

Novem Group lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 43.0% in the third quarter, HoldingsChannel reports. The firm owned 5,218 shares of the company’s stock after selling 3,931 shares during the period. Novem Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Beacon Financial Advisory LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 2.5% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after buying an additional 36 shares during the last quarter. 1ST Source Bank boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in the 1st quarter. 1ST Source Bank now owns 944 shares of the company’s stock worth $227,000 after buying an additional 44 shares during the last quarter. LifeSteps Financial Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.8% in the 3rd quarter. LifeSteps Financial Inc. now owns 1,677 shares of the company’s stock worth $532,000 after buying an additional 46 shares during the last quarter. Aegis Wealth Management Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the 1st quarter. Aegis Wealth Management Inc. now owns 1,197 shares of the company’s stock worth $287,000 after buying an additional 50 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,857 shares of the company’s stock worth $589,000 after buying an additional 52 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM traded up $2.54 during trading hours on Monday, hitting $295.71. The stock had a trading volume of 935,683 shares, compared to its average volume of 1,231,733. 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 $21.59 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a fifty day moving average price of $309.73 and a 200 day moving average price of $304.39.

Shares of iShares MSCI USA Momentum Factor ETF are going to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Wednesday, November 4th.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.