Integrated Wealth Concepts LLC Trims Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Integrated Wealth Concepts LLC decreased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,329 shares of the company’s stock after selling 4,958 shares during the period. Integrated Wealth Concepts LLC owned 0.21% of iShares MSCI USA Momentum Factor ETF worth $53,594,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV lifted its position in iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after acquiring an additional 229,850 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth 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. Raymond James Financial Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after purchasing an additional 152,723 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.1% in the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock valued at $321,608,000 after purchasing an additional 52,800 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.3%

Shares of BATS MTUM opened at $308.69 on Wednesday. The business has a 50-day moving average price of $308.25 and a 200 day moving average price of $291.48. The stock has a market cap of $22.53 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59.

iShares MSCI USA Momentum Factor ETF Company Profile

(Free Report)

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.

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