Flagstar Advisors Inc. Decreases Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Flagstar Advisors Inc. lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,074 shares of the company’s stock after selling 125 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona PSPRS Trust bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth $69,276,000. Citigroup Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% during the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after purchasing an additional 234,524 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during the 2nd 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. Symmetry Partners LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 62.7% in the 2nd quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after buying an additional 208,691 shares during the last quarter. Finally, Foster Group Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 281.1% during the second quarter. Foster Group Inc. now owns 277,940 shares of the company’s stock valued at $54,162,000 after buying an additional 205,017 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $214.93 on Friday. The firm has a market cap of $11.64 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. The firm’s 50-day simple moving average is $205.64 and its two-hundred day simple moving average is $196.35.

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.