Prospera Financial Services Inc Sells 12,849 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Prospera Financial Services Inc reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 89.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,455 shares of the company’s stock after selling 12,849 shares during the quarter. Prospera Financial Services Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Aviance Capital Partners LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $203,000. EQ LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $201,000. Accredited Investors Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $200,000. Straight Path Wealth Management lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.5% in the 3rd quarter. Straight Path Wealth Management now owns 62,935 shares of the company’s stock worth $12,761,000 after acquiring an additional 335 shares during the period. Finally, Sheaff Brock Investment Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 10.0% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 6,797 shares of the company’s stock worth $1,378,000 after purchasing an additional 617 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.5 %

Shares of BATS MTUM opened at $214.91 on Monday. The firm has a market capitalization 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 one year low of $81.37 and a one year high of $113.60. The business has a fifty day simple moving average of $206.00 and a 200 day simple moving average of $196.65.

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.