iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 43.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,979 shares of the company’s stock after selling 4,559 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,435,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Modern Wealth Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 45.0% during the 1st quarter. Modern Wealth Management LLC now owns 31,785 shares of the company’s stock valued at $7,795,000 after buying an additional 9,864 shares during the period. Keebeck Wealth Management lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 14.6% in the 1st quarter. Keebeck Wealth Management now owns 20,032 shares of the company’s stock worth $4,807,000 after acquiring an additional 2,555 shares during the period. Gibbs Wealth Management lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 111.7% in the 1st quarter. Gibbs Wealth Management now owns 2,098 shares of the company’s stock worth $504,000 after acquiring an additional 1,107 shares during the period. Group One Trading LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $80,000. Finally, Lido Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.4% in the first quarter. Lido Advisors LLC now owns 155,224 shares of the company’s stock valued at $37,253,000 after acquiring an additional 2,157 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $306.39 on Monday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The firm has a market capitalization of $22.37 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s 50 day simple moving average is $318.06 and its 200 day simple moving average is $280.33.

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.