iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stock Holdings Lessened by Royal Fund Management LLC

Royal Fund Management LLC cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,341 shares of the company’s stock after selling 2,965 shares during the period. Royal Fund Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,921,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 4.2% in the third quarter. Envestnet Asset Management Inc. now owns 6,913,845 shares of the company’s stock valued at $965,864,000 after acquiring an additional 277,017 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock worth $914,424,000 after acquiring an additional 317,802 shares in the last quarter. Assetmark Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the 3rd quarter. Assetmark Inc. now owns 1,584,283 shares of the company’s stock valued at $221,324,000 after acquiring an additional 137,311 shares in the last quarter. CWM LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 9.3% during the fourth quarter. CWM LLC now owns 1,134,217 shares of the company’s stock worth $177,947,000 after purchasing an additional 96,845 shares during the period. Finally, Savant Capital LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 10.0% in the fourth quarter. Savant Capital LLC now owns 1,108,786 shares of the company’s stock valued at $173,957,000 after purchasing an additional 100,463 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM traded up $2.89 during midday trading on Friday, reaching $180.10. The stock had a trading volume of 949,531 shares. The stock has a market capitalization of $9.75 billion, a P/E ratio of 18.53 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. The firm’s fifty day simple moving average is $183.47 and its 200-day simple moving average is $165.94.

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.