iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.1% in the 1st quarter, HoldingsChannel reports. The fund owned 61,587 shares of the company’s stock after selling 2,612 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 1.3% of Journey Advisory Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Journey Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $14,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $25,000. Dagco Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2%

Shares of BATS MTUM opened at $312.67 on Thursday. The stock has a market capitalization of $22.82 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The firm has a 50-day moving average price of $317.25 and a 200 day moving average price of $277.60.

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.