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 the iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.3%, according to recent reports from HoldingsChannel. After selling 988 shares during the quarter, the total number of shares owned by US Bancorp DE is now 29,403. The value of these holdings amounted to approximately $5,962,000, based on the latest filing with the SEC.

A number of other institutional investors and hedge funds have also modified their positions in the ETF recently. Fortitude Family Office LLC significantly increased its stake by 1,255.6% during the third quarter, ending up with 122 shares worth $25,000 after an acquisition of 113 additional shares. Meanwhile, Abich Financial Wealth Management LLC entered a new investment in the fund during the second quarter, valued at roughly $33,000.

In the same period, Signaturefd LLC also expanded its investment in the iShares MSCI USA Momentum Factor ETF by 1,550.0%, acquiring a total of 165 shares, which are now valued at $33,000 after purchasing an extra 155 shares. Additionally, Wellington Shields & Co. LLC initiated a new position in the first quarter worth $42,000, while Ashton Thomas Private Wealth LLC acquired a stake valued at $48,000 in the second quarter.

Recent Price Activity of iShares MSCI USA Momentum Factor ETF

As of Monday, shares of the iShares MSCI USA Momentum Factor ETF opened at $201.70. Over the past year, the price has fluctuated with a low of $81.37 and a high of $113.60. The 50-day moving average stands at $200.89, while the 200-day moving average is $193.41. The ETF has a market capitalization of $10.92 billion, a P/E ratio of 18.53, and a beta of 1.10, indicating moderate volatility.

Overview of the iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that tracks the MSCI USA Momentum SR Variant index. This ETF focuses on large- and mid-cap U.S. equities, selecting and weighing them based on price appreciation over the past 6 and 12 months, as well as low volatility in the last three years.

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For more information on institutional ownership and transactions related to the iShares MSCI USA Momentum Factor ETF, investors can explore detailed filings and trades available from various financial tracking services.

US, Bancorp, ETF