iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lowered its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 50.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 368,314 shares of the company’s stock after selling 370,819 shares during the quarter. Goldman Sachs Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $92,193,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after purchasing an additional 120,851 shares in the last quarter. Assetmark Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after purchasing an additional 37,278 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after purchasing an additional 90,841 shares in the last quarter. State of Michigan Retirement System boosted its stake in iShares MSCI USA Momentum Factor ETF by 5.2% in the fourth quarter. State of Michigan Retirement System now owns 1,287,290 shares of the company’s stock valued at $322,222,000 after acquiring an additional 63,800 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 9.6% in the fourth quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock valued at $310,983,000 after acquiring an additional 108,825 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $311.63 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.29 and a 1 year high of $331.49. The company has a market capitalization of $22.75 billion, a PE ratio of 28.67 and a beta of 1.02. The company has a fifty day moving average of $286.61 and a two-hundred day moving average of $263.66.

iShares MSCI USA Momentum Factor ETF Company 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.