iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Bright Financial Advisors Inc.

Bright Financial Advisors Inc. cut its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,826 shares of the company’s stock after selling 576 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 1.7% of Bright Financial Advisors Inc.’s holdings, making the stock its 18th largest holding. Bright Financial Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,654,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares in the last quarter. AdvisorNet Financial Inc grew its stake in iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares in the last quarter. Signaturefd LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares in the last quarter. Arizona PSPRS Trust grew its stake in iShares MSCI USA Momentum Factor ETF by 2.0% during the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after purchasing an additional 7,115 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in iShares MSCI USA Momentum Factor ETF by 38.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,327 shares of the company’s stock worth $675,000 after purchasing an additional 928 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $226.03 on Friday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The business has a fifty day moving average price of $213.74 and a 200 day moving average price of $204.54.

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.