iShares MSCI USA Momentum Factor ETF $MTUM Stock: Csenge Advisory Group Reduces Holdings

Csenge Advisory Group reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 52.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,779 shares of the company’s stock after selling 16,369 shares during the quarter. Csenge Advisory Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orgel Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 27.0% in the 3rd quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock worth $271,091,000 after acquiring an additional 181,536 shares during the period. Simplex Trading LLC grew its position in iShares MSCI USA Momentum Factor ETF by 103.3% in the third quarter. Simplex Trading LLC now owns 5,474 shares of the company’s stock valued at $1,737,000 after acquiring an additional 171,006 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.2% during the second quarter. Ameritas Advisory Services LLC now owns 192,185 shares of the company’s stock valued at $65,887,000 after purchasing an additional 65,103 shares during the period. Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $18,576,000. Finally, State of Michigan Retirement System raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock valued at $321,608,000 after purchasing an additional 52,800 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 0.2%

BATS MTUM opened at $66.73 on Wednesday. The company’s fifty day simple moving average is $75.36 and its 200-day simple moving average is $72.54. iShares MSCI USA Momentum Factor ETF has a 52 week low of $57.35 and a 52 week high of $86.40. The stock has a market cap of $16.59 billion, a P/E ratio of 20.77 and a beta of 1.09.

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.