Commonwealth Equity Services LLC Has $41.77 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Commonwealth Equity Services LLC reduced its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 20.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,027 shares of the company’s stock after selling 54,230 shares during the quarter. Commonwealth Equity Services LLC owned 0.38% of iShares MSCI USA Momentum Factor ETF worth $41,774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Woodmont Investment Counsel LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $28,000. GAMMA Investing LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth $29,000. Abich Financial Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth $33,000. Wellington Shields & Co. LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $42,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $48,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $209.33 on Monday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s fifty day moving average price is $198.52 and its two-hundred day moving average price is $191.89.

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.