iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 98.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,280 shares of the company’s stock after selling 72,914 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTUM. Nan Shan Life Insurance Co. Ltd. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth about $18,576,000. Sequoia Financial Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 6.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock valued at $35,604,000 after buying an additional 6,557 shares during the last quarter. Legacy Wealth Managment LLC ID increased its position in iShares MSCI USA Momentum Factor ETF by 772.6% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock worth $1,472,000 after buying an additional 3,801 shares during the period. Shah Wealth Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $16,707,000. Finally, First Heartland Consultants Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 149.9% during the third quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock worth $13,550,000 after buying an additional 25,614 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 2.8%

MTUM opened at $293.17 on Friday. The business has a 50 day moving average of $309.73 and a 200-day moving average of $303.87. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59.

Shares of iShares MSCI USA Momentum Factor ETF are set to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

iShares MSCI USA Momentum Factor ETF 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.