FLP Wealth Management LLC Reduces Position in iShares MSCI USA Momentum Factor ETF $MTUM

FLP Wealth Management LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 34.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,679 shares of the company’s stock after selling 7,097 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up approximately 4.9% of FLP Wealth Management LLC’s portfolio, making the stock its 6th largest position. FLP Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,283,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Corient Private Wealth LLC raised its position in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after acquiring an additional 1,332,181 shares during the period. Focus Partners Wealth grew its stake in iShares MSCI USA Momentum Factor ETF by 2,939.7% during the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after acquiring an additional 896,644 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares MSCI USA Momentum Factor ETF by 32.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after acquiring an additional 280,192 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $325.74 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The stock has a market cap of $23.78 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a 50 day simple moving average of $306.31 and a two-hundred day simple moving average of $271.07.

iShares MSCI USA Momentum Factor ETF 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.