598,574 iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 93.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,364 shares of the company’s stock after selling 598,574 shares during the period. Park Avenue Securities LLC owned approximately 0.06% of iShares MSCI USA Momentum Factor ETF worth $13,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTUM. Verdence Capital Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,452 shares of the company’s stock worth $1,095,000 after buying an additional 116 shares during the period. Noesis Capital Mangement Corp acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $276,000. Leo Wealth LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $339,000. ADG Wealth Management Group LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 55.7% during the third quarter. ADG Wealth Management Group LLC now owns 2,454 shares of the company’s stock worth $779,000 after acquiring an additional 878 shares in the last quarter. Finally, Straight Path Wealth Management raised its stake in iShares MSCI USA Momentum Factor ETF by 2.2% during the third quarter. Straight Path Wealth Management now owns 73,261 shares of the company’s stock worth $23,249,000 after acquiring an additional 1,562 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $299.53 on Wednesday. The company’s fifty day moving average is $307.18 and its 200-day moving average is $289.21. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The company has a market capitalization of $21.87 billion, a PE ratio of 28.67 and a beta of 1.02.

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