iShares MSCI USA Momentum Factor ETF $MTUM is AdvisorShares Investments LLC’s Largest Position

AdvisorShares Investments LLC trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 404,210 shares of the company’s stock after selling 27,028 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 16.9% of AdvisorShares Investments LLC’s holdings, making the stock its largest holding. AdvisorShares Investments LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $103,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MTUM. Fortune Financial Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 41.1% during the third quarter. Fortune Financial Advisors LLC now owns 2,862 shares of the company’s stock valued at $734,000 after purchasing an additional 833 shares during the period. Fullcircle Wealth LLC grew its position in iShares MSCI USA Momentum Factor ETF by 29.0% during the 3rd quarter. Fullcircle Wealth LLC now owns 2,539 shares of the company’s stock worth $633,000 after purchasing an additional 571 shares during the period. Signature Estate & Investment Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 5.0% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,646 shares of the company’s stock worth $2,986,000 after purchasing an additional 557 shares during the period. B.O.S.S. Retirement Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.1% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,204 shares of the company’s stock valued at $1,078,000 after buying an additional 352 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 9,770 shares of the company’s stock valued at $2,498,000 after buying an additional 1,337 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 21.4%

Shares of MTUM opened at $253.62 on Friday. The company has a market capitalization of $18.51 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 stock’s 50-day moving average price is $253.77 and its 200-day moving average price is $250.50.

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