Silver Oak Securities Incorporated Has $797,000 Position in iShares MSCI USA Momentum Factor ETF $MTUM

Silver Oak Securities Incorporated lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 68.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,107 shares of the company’s stock after selling 6,617 shares during the period. Silver Oak Securities Incorporated’s holdings in iShares MSCI USA Momentum Factor ETF were worth $797,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Bison Wealth LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 6.6% during the first quarter. Arete Wealth Advisors LLC now owns 1,928 shares of the company’s stock worth $390,000 after purchasing an additional 119 shares during the period. Empowered Funds LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $2,488,000. Advisory Alpha LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 4.9% during the first quarter. Advisory Alpha LLC now owns 1,439 shares of the company’s stock worth $291,000 after buying an additional 67 shares in the last quarter. Finally, SageView Advisory Group LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 0.7% in the 1st quarter. SageView Advisory Group LLC now owns 12,447 shares of the company’s stock valued at $2,516,000 after buying an additional 88 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 20.9%

Shares of BATS:MTUM opened at $252.65 on Friday. The firm has a 50 day moving average of $250.00 and a 200-day moving average of $247.14. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The stock has a market capitalization of $18.44 billion, a PE ratio of 28.67 and a beta of 1.02.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.