AdvisorShares Investments LLC Cuts Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

AdvisorShares Investments LLC trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 26.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 299,146 shares of the company’s stock after selling 105,064 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 12.5% of AdvisorShares Investments LLC’s investment portfolio, making the stock its largest position. AdvisorShares Investments LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $74,879,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Focus Partners Wealth increased its position in iShares MSCI USA Momentum Factor ETF by 2,939.7% in the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after buying an additional 896,644 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 55.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after buying an additional 256,639 shares during the period. CWM LLC increased its position in iShares MSCI USA Momentum Factor ETF by 25.3% in the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after buying an additional 230,310 shares during the period. Park Avenue Securities LLC increased its position in iShares MSCI USA Momentum Factor ETF by 35.7% in the 4th quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock worth $177,976,000 after buying an additional 187,155 shares during the period. Finally, Symmetry Partners LLC increased its position in iShares MSCI USA Momentum Factor ETF by 71.8% in the 4th quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock worth $104,271,000 after buying an additional 174,074 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

Shares of BATS MTUM opened at $315.81 on Friday. The business’s 50 day moving average is $275.97 and its two-hundred day moving average is $260.03. The company has a market cap of $23.05 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $228.53 and a 12 month high of $317.98.

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.