Apollon Wealth Management LLC Sells 101 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Apollon Wealth Management LLC reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,769 shares of the company’s stock after selling 101 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after acquiring an additional 213,637 shares during the period. Assetmark Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after purchasing an additional 72,891 shares in the last quarter. Symmetry Partners LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 62.7% during the second quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after buying an additional 208,691 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 6.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 390,151 shares of the company’s stock worth $76,029,000 after buying an additional 22,091 shares during the last quarter. Finally, Arizona PSPRS Trust purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth about $69,276,000.

iShares MSCI USA Momentum Factor ETF Trading Down 1.0 %

MTUM stock opened at $209.78 on Friday. The firm has a 50 day moving average of $203.26 and a 200-day moving average of $195.12. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The firm has a market capitalization of $11.36 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.