iShares MSCI USA Momentum Factor ETF $MTUM is Claris Financial LLC’s 2nd Largest Position

Claris Financial LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,552 shares of the company’s stock after selling 8,557 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 5.4% of Claris Financial LLC’s investment portfolio, making the stock its 2nd largest holding. Claris Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,102,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Silverlake Wealth Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.1% during the second quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock worth $941,000 after purchasing an additional 43 shares in the last quarter. Forefront Wealth Partners LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $279,000. B. Riley Wealth Advisors Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $5,399,000. Cape Investment Advisory Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 8.0% in the 2nd quarter. Cape Investment Advisory Inc. now owns 651 shares of the company’s stock worth $156,000 after buying an additional 48 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $171,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $249.49 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The company has a market capitalization of $18.21 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50-day moving average of $250.78 and a 200-day moving average of $245.10.

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.