Valmark Advisers Inc. Sells 2,285 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Valmark Advisers Inc. reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,063 shares of the company’s stock after selling 2,285 shares during the period. Valmark Advisers Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,206,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Blair William & Co. IL grew its holdings in iShares MSCI USA Momentum Factor ETF by 1.0% during the 3rd quarter. Blair William & Co. IL now owns 7,318 shares of the company’s stock worth $1,022,000 after acquiring an additional 76 shares during the period. Larson Financial Group LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 6.6% during the 4th quarter. Larson Financial Group LLC now owns 1,288 shares of the company’s stock worth $202,000 after acquiring an additional 80 shares during the period. Baker Avenue Asset Management LP grew its holdings in iShares MSCI USA Momentum Factor ETF by 46.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after acquiring an additional 89 shares during the period. Geneos Wealth Management Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 11,219 shares of the company’s stock worth $1,760,000 after acquiring an additional 104 shares during the period. Finally, Security Financial Services INC. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the 3rd quarter. Security Financial Services INC. now owns 32,175 shares of the company’s stock valued at $4,495,000 after buying an additional 141 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM traded up $2.25 during trading hours on Friday, hitting $179.68. The stock had a trading volume of 421,929 shares. The firm has a 50 day simple moving average of $183.42 and a 200-day simple moving average of $164.53. The firm has a market capitalization of $9.86 billion, a P/E ratio of 19.19 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

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.