Park Avenue Securities LLC Lowers Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Park Avenue Securities LLC lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,907 shares of the company’s stock after selling 2,063 shares during the period. Park Avenue Securities LLC owned about 0.08% of iShares MSCI USA Momentum Factor ETF worth $8,903,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. UMB Bank n.a. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.0% during the 1st quarter. UMB Bank n.a. now owns 5,971 shares of the company’s stock valued at $1,119,000 after buying an additional 58 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.8% during the 1st quarter. Physician Wealth Advisors Inc. now owns 7,927 shares of the company’s stock valued at $1,440,000 after buying an additional 60 shares in the last quarter. First National Bank & Trust Co. of Newtown lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.4% during the 1st quarter. First National Bank & Trust Co. of Newtown now owns 4,630 shares of the company’s stock valued at $867,000 after buying an additional 65 shares in the last quarter. Regal Investment Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 2,652 shares of the company’s stock valued at $517,000 after buying an additional 85 shares in the last quarter. Finally, First Citizens Financial Corp lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.9% during the 1st quarter. First Citizens Financial Corp now owns 5,048 shares of the company’s stock valued at $946,000 after buying an additional 94 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.0 %

MTUM stock traded up $1.96 during midday trading on Friday, reaching $203.76. The stock had a trading volume of 359,964 shares. The company’s fifty day simple moving average is $193.69 and its 200 day simple moving average is $190.49. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

iShares MSCI USA Momentum Factor ETF Company 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.