US Bancorp DE Reduces Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

In the third quarter, US Bancorp DE decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 3.3%, according to a recent report from HoldingsChannel. After selling 988 shares during the quarter, the fund now owns a total of 29,403 shares. As per its latest filing with the SEC, US Bancorp DE's investment in the iShares MSCI USA Momentum Factor ETF is valued at approximately $5,962,000.

Additionally, other institutional investors and hedge funds have recently adjusted their positions in the fund. Fortitude Family Office LLC significantly increased its stake by 1,255.6% during the same period, now holding 122 shares valued at $25,000 after acquiring an extra 113 shares. Abich Financial Wealth Management LLC also bought a new stake in the ETF during the second quarter, investing around $33,000. Meanwhile, Signaturefd LLC raised its ownership by 1,550.0% in the third quarter, currently owning 165 shares valued at $33,000 after buying 155 additional shares. Furthermore, Wellington Shields & Co. LLC entered the market by purchasing a new position in the ETF worth $42,000, while Ashton Thomas Private Wealth LLC acquired a new stake worth $48,000 in the same quarter.

iShares MSCI USA Momentum Factor ETF Price Overview

The iShares MSCI USA Momentum Factor ETF saw its shares open at $201.70 on a recent Monday. Over the past year, the ETF reached a low of $81.37 and a high of $113.60. Its 50-day moving average is $200.89, with a 200-day moving average of $193.41. The ETF has a market capitalization of $10.92 billion, a price-to-earnings ratio of 18.53, and a beta value of 1.10.

About iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that aims to track the MSCI USA Momentum SR Variant index. This fund consists of large- and mid-cap U.S. stocks chosen and weighted based on their price performance over the previous 6 to 12 months, along with their low volatility over the last three years.

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Interested in tracking institutional ownership of MTUM? Visit your favorite financial service provider to view the latest 13F filings and insider trading data related to the iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).

ETF, Stock, Investment