Franklin Resources Inc. Sells 81,556 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Franklin Resources Inc. trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 85.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,752 shares of the company’s stock after selling 81,556 shares during the quarter. Franklin Resources Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,305,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 262.2% in the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after acquiring an additional 118 shares during the period. GAMMA Investing LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after purchasing an additional 67 shares in the last quarter. Hilltop National Bank bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $55,000. Fortitude Family Office LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 109.0% in the 2nd quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $61,000 after purchasing an additional 133 shares during the period. Finally, Hantz Financial Services Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $65,000.

iShares MSCI USA Momentum Factor ETF Stock Up 19.1%

Shares of MTUM stock opened at $248.89 on Wednesday. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The company’s 50 day moving average is $251.17 and its 200 day moving average is $243.83.

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.