iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,210 shares of the company’s stock after selling 1,187 shares during the period. Avior Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,665,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Aviance Capital Partners LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at $203,000. EQ LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $201,000. Accredited Investors Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $200,000. Straight Path Wealth Management lifted its stake in iShares MSCI USA Momentum Factor ETF by 0.5% in the third quarter. Straight Path Wealth Management now owns 62,935 shares of the company’s stock worth $12,761,000 after acquiring an additional 335 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 10.0% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 6,797 shares of the company’s stock worth $1,378,000 after acquiring an additional 617 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.8 %

Shares of MTUM opened at $210.99 on Wednesday. The firm has a market capitalization of $11.43 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s fifty day simple moving average is $204.50 and its 200-day simple moving average is $195.91. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60.

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.