Financial Architects LLC Lowers Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Financial Architects LLC trimmed its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 37,130 shares of the company’s stock after selling 2,140 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 4.9% of Financial Architects LLC’s portfolio, making the stock its 8th biggest position. Financial Architects LLC owned about 0.07% of iShares MSCI USA Momentum Factor ETF worth $7,528,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Dakota Wealth Management boosted its stake in iShares MSCI USA Momentum Factor ETF by 19.5% in the 3rd quarter. Dakota Wealth Management now owns 3,343 shares of the company’s stock worth $678,000 after purchasing an additional 546 shares during the period. Bogart Wealth LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 16.8% in the third quarter. Bogart Wealth LLC now owns 541 shares of the company’s stock worth $110,000 after buying an additional 78 shares in the last quarter. Detalus Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1.2% during the third quarter. Detalus Advisors LLC now owns 11,598 shares of the company’s stock valued at $2,352,000 after buying an additional 141 shares during the last quarter. Elevated Capital Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 67.0% during the 3rd quarter. Elevated Capital Advisors LLC now owns 1,910 shares of the company’s stock worth $387,000 after acquiring an additional 766 shares in the last quarter. Finally, Signaturefd LLC increased its position in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.3 %

Shares of BATS MTUM opened at $206.98 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The firm’s 50-day moving average price is $199.94 and its 200-day moving average price is $192.42. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.