Western Wealth Management LLC Sells 268 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Western Wealth Management LLC trimmed its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,743 shares of the company’s stock after selling 268 shares during the period. Western Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,822,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Teamwork Financial Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the second quarter. Teamwork Financial Advisors LLC now owns 1,709 shares of the company’s stock valued at $411,000 after purchasing an additional 44 shares during the last quarter. Vantage Point Financial LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.2% during the 2nd quarter. Vantage Point Financial LLC now owns 2,368 shares of the company’s stock valued at $569,000 after buying an additional 51 shares during the period. Private Advisory Group LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.3% in the 1st quarter. Private Advisory Group LLC now owns 4,530 shares of the company’s stock worth $916,000 after buying an additional 57 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.2% in the 1st quarter. Larson Financial Group LLC now owns 1,503 shares of the company’s stock worth $304,000 after buying an additional 61 shares during the last quarter. Finally, Tyche Wealth Partners LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the second quarter. Tyche Wealth Partners LLC now owns 2,500 shares of the company’s stock worth $601,000 after acquiring an additional 63 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $245.92 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The firm has a fifty day moving average price of $253.39 and a 200-day moving average price of $241.58. The stock has a market cap of $17.95 billion, a PE ratio of 28.67 and a beta of 1.02.

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.