Summit X LLC lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 72.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,074 shares of the company’s stock after selling 16,156 shares during the quarter. Summit X LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,460,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in MTUM. Mullooly Asset Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at $2,162,511,000. Envestnet Asset Management Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 9.5% in 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. CHURCHILL MANAGEMENT Corp purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $220,286,000. Orgel Wealth Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $158,559,000. Finally, Park Avenue Securities LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $109,923,000.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS MTUM opened at $248.19 on Friday. The firm has a market capitalization of $18.12 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50 day simple moving average of $252.81 and a 200-day simple moving average of $240.06. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99.
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.
See Also
- Five stocks we like better than iShares MSCI USA Momentum Factor ETF
- Top Stocks Investing in 5G Technology
- Rivian’s Chart Says Go, But Some Analysts Still Say No
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- e.l.f. Sell-Off Is a Good Time to Buy, According to Analysts
- How to Invest in the Best Canadian Stocks
- T-Mobile Is The Most Oversold Mega-Cap Stock—Time to Buy?
Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
Receive News & Ratings for iShares MSCI USA Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
