iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 24.4% in the third quarter, HoldingsChannel.com reports. The firm owned 5,345 shares of the company’s stock after selling 1,725 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares MSCI USA Momentum Factor ETF were worth $1,083,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MTUM. Arizona PSPRS Trust acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at $69,276,000. Mercer Global Advisors Inc. ADV lifted its holdings 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 last quarter. Symmetry Partners LLC boosted 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 in the last quarter. Foster Group Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 281.1% in the 2nd quarter. Foster Group Inc. now owns 277,940 shares of the company’s stock worth $54,162,000 after purchasing an additional 205,017 shares during the last quarter. Finally, Liberty Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4,142.7% in the 2nd quarter. Liberty Wealth Management LLC now owns 123,888 shares of the company’s stock worth $24,142,000 after purchasing an additional 120,968 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $216.52 on Monday. The firm has a market cap of $11.72 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The firm has a 50 day simple moving average of $207.70 and a 200 day simple moving average of $197.81.

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.