iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Position Lessened by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 43,907 shares of the company’s stock after selling 2,063 shares during the period. Park Avenue Securities LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its position in iShares MSCI USA Momentum Factor ETF by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after acquiring an additional 213,637 shares during the period. Blue Trust Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 20.1% during the 1st quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock valued at $232,257,000 after purchasing an additional 207,306 shares during the period. Symmetry Partners LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 62.7% during the 2nd quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock valued at $105,479,000 after purchasing an additional 208,691 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 6.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 390,151 shares of the company’s stock valued at $76,029,000 after purchasing an additional 22,091 shares during the period. Finally, Arizona PSPRS Trust acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $69,276,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock traded up $1.96 during mid-day trading on Friday, hitting $203.76. 359,964 shares of the stock traded hands. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The company’s 50-day simple moving average is $193.69 and its 200-day simple moving average is $190.49.

About iShares MSCI USA Momentum Factor ETF

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.