Empower Advisory Group LLC Sells 146 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Empower Advisory Group LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.1% during the third quarter, Holdings Channel reports. The institutional investor owned 1,663 shares of the company’s stock after selling 146 shares during the quarter. Empower Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at approximately $33,000. Signaturefd LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares in the last quarter. Wellington Shields & Co. LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $43,000.

iShares MSCI USA Momentum Factor ETF Trading Down 1.0 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $209.78 on Friday. The firm’s 50 day simple moving average is $203.26 and its two-hundred day simple moving average is $195.12. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.