CPC Advisors LLC Sells 13,916 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

CPC Advisors LLC trimmed its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 19.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,268 shares of the company’s stock after selling 13,916 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 2.3% of CPC Advisors LLC’s portfolio, making the stock its 11th largest holding. CPC Advisors LLC owned about 0.08% of iShares MSCI USA Momentum Factor ETF worth $13,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTUM. Corient Private Wealth LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after acquiring an additional 1,332,181 shares in the last quarter. Focus Partners Wealth increased its holdings 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 purchasing an additional 896,644 shares in the last quarter. LPL Financial LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares MSCI USA Momentum Factor ETF by 32.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after purchasing an additional 280,192 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position 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 during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $338.52 on Monday. The business’s 50-day moving average price is $299.59 and its 200-day moving average price is $268.29. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $339.83. The firm has a market capitalization of $24.71 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.