iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC cut its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 185,742 shares of the company’s stock after selling 12,442 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.6% of Ameritas Advisory Services LLC’s portfolio, making the stock its 9th biggest holding. Ameritas Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $37,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MTUM. Concourse Financial Group Securities Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 137.4% in the first quarter. Concourse Financial Group Securities Inc. now owns 959 shares of the company’s stock worth $180,000 after purchasing an additional 555 shares during the period. BNP Paribas Financial Markets lifted its position in iShares MSCI USA Momentum Factor ETF by 642.4% in the first quarter. BNP Paribas Financial Markets now owns 7,164 shares of the company’s stock worth $1,342,000 after purchasing an additional 6,199 shares during the period. Financial Counselors Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $205,000. Wellington Shields & Co. LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $42,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $118,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.2 %

MTUM traded down $0.38 during trading on Tuesday, reaching $201.32. The stock had a trading volume of 570,582 shares. The firm has a market capitalization of $10.90 billion, a price-to-earnings 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. The stock has a 50 day moving average of $201.01 and a two-hundred day moving average of $193.58.

About iShares MSCI USA Momentum Factor ETF

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.