Raymond James & Associates Cuts Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Raymond James & Associates lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,394,186 shares of the company’s stock after selling 47,237 shares during the quarter. Raymond James & Associates owned 4.42% of iShares MSCI USA Momentum Factor ETF worth $485,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 33.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,912 shares of the company’s stock worth $1,604,000 after purchasing an additional 2,001 shares in the last quarter. Strid Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $250,000. Good Life Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 96.6% in the third quarter. Good Life Advisors LLC now owns 4,428 shares of the company’s stock valued at $898,000 after purchasing an additional 2,176 shares during the last quarter. Summit Investment Advisory Services LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $225,000. Finally, Bfsg LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $56,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM traded up $0.68 during midday trading on Friday, reaching $209.33. 293,565 shares of the company’s stock were exchanged. The business’s 50-day moving average price is $198.52 and its 200 day moving average price is $191.82. The stock has a market capitalization of $11.34 billion, a PE 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.

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.