JPMorgan Chase & Co. Lowers Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

JPMorgan Chase & Co. cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 66.3% in the 3rd quarter, Holdings Channel reports. The fund owned 370,080 shares of the company’s stock after selling 729,425 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $75,037,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MTUM. MinichMacGregor Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after purchasing an additional 63 shares in the last quarter. GDS Wealth Management lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.2% in the 3rd quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock worth $426,000 after acquiring an additional 65 shares during the last quarter. Tyche Wealth Partners LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.7% in the 3rd quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock valued at $514,000 after purchasing an additional 66 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its position in iShares MSCI USA Momentum Factor ETF by 0.6% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,140 shares of the company’s stock worth $2,259,000 after purchasing an additional 66 shares during the period. Finally, Eagle Strategies LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.6% in the third quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock worth $613,000 after purchasing an additional 77 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.6 %

MTUM opened at $211.26 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 business’s 50-day moving average price is $210.97 and its 200-day moving average price is $201.49. The company has a market cap of $11.44 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.