PNC Financial Services Group Inc. Reduces Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

PNC Financial Services Group Inc. lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 497,211 shares of the company’s stock after selling 12,210 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.92% of iShares MSCI USA Momentum Factor ETF worth $102,883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $574,824,000. Assetmark Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock valued at $362,297,000 after purchasing an additional 57,922 shares during the period. Blue Trust Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 7.2% during the 4th quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock valued at $253,541,000 after purchasing an additional 81,918 shares in the last quarter. Cerity Partners LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the 3rd quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after purchasing an additional 26,235 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock worth $206,089,000 after purchasing an additional 35,468 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $204.42 on Friday. The company has a market capitalization of $14.67 billion, a PE ratio of 28.87 and a beta of 0.98. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $229.77. The business’s fifty day moving average is $217.00 and its 200 day moving average is $209.60.

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.