Fisher Asset Management LLC Sells 1,143 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Fisher Asset Management LLC decreased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 49.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,172 shares of the company’s stock after selling 1,143 shares during the quarter. Fisher Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $238,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MTUM. Signaturefd LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 407.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock valued at $791,000 after purchasing an additional 3,260 shares during the period. Unison Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 8.2% in the second quarter. Unison Advisors LLC now owns 22,170 shares of the company’s stock valued at $4,320,000 after purchasing an additional 1,688 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after purchasing an additional 213,637 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock worth $39,586,000 after buying an additional 4,802 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $216.52 on Monday. The firm has a fifty day moving average of $207.70 and a 200-day moving average of $197.81. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

iShares MSCI USA Momentum Factor ETF 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.