US Bancorp DE Reduces Stake in iShares MSCI USA Momentum Factor ETF

In the latest financial updates, US Bancorp DE has reduced its holdings in the iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.3% during the third quarter, as reported by HoldingsChannel. After this adjustment, the fund now owns 29,403 shares of MTUM, having sold off 988 shares during this period. As per the most recent filing with the SEC, US Bancorp DE's remaining stake in the iShares MSCI USA Momentum Factor ETF is valued at approximately $5,962,000.

Additionally, a number of other institutional investors and hedge funds have also made recent changes to their positions in the ETF. Notably, Fortitude Family Office LLC increased its holdings by an impressive 1,255.6% in the third quarter, now holding 122 shares valued at around $25,000 after acquiring an additional 113 shares. Meanwhile, Abich Financial Wealth Management LLC established a new stake in the ETF during the second quarter, estimated at roughly $33,000.

In the same vein, Signaturefd LLC also made significant moves in the third quarter, boosting their stake by 1,550.0% and now owning 165 shares, valued at about $33,000 following the purchase of another 155 shares. Other significant investments include Wellington Shields & Co. LLC, which acquired a new position valued at $42,000, and Ashton Thomas Private Wealth LLC, which invested $48,000 in the second quarter.

Performance Overview of iShares MSCI USA Momentum Factor ETF

As for the performance of the iShares MSCI USA Momentum Factor ETF, shares opened at $201.70 recently. This ETF has recorded a one-year low of $81.37 while its one-year high stands at $113.60. The ETF's 50-day moving average is approximately $200.89, with a two-hundred-day moving average of around $193.41. It currently boasts a market capitalization of $10.92 billion, a price-to-earnings (P/E) 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 designed to track the MSCI USA Momentum SR Variant index. This fund selects and weights large- and mid-cap US equities based primarily on their price appreciation over the last 6 to 12 months combined with low volatility measured over the past three years.

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