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

Recently, US Bancorp DE announced a reduction in its holdings of the iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.3% during the third quarter. According to reports from HoldingsChannel, after selling 988 shares during this period, the fund now holds a total of 29,403 shares of the ETF's stock. As per the latest SEC filing, the total value of US Bancorp DE's investment in the iShares MSCI USA Momentum Factor ETF is estimated to be around $5,962,000.

In addition to US Bancorp DE, several other institutional investors and hedge funds have also made moves concerning their investments in the iShares MSCI USA Momentum Factor ETF. Notably, Fortitude Family Office LLC increased its holdings significantly by 1,255.6% during the third quarter, now owning 122 shares worth $25,000 after acquiring an additional 113 shares. Abich Financial Wealth Management LLC took a new position worth approximately $33,000 in the second quarter. Furthermore, Signaturefd LLC raised its stake by an impressive 1,550.0% during the third quarter, bringing its total to 165 shares valued at around $33,000 after purchasing another 155 shares.

Other notable changes in holdings include Wellington Shields & Co. LLC, which acquired a new position valued at $42,000 during the first quarter, and Ashton Thomas Private Wealth LLC, which invested approximately $48,000 in the second quarter.

Performance of iShares MSCI USA Momentum Factor ETF

As of the latest report, shares of the iShares MSCI USA Momentum Factor ETF (BATS:MTUM) opened at $201.70. The ETF has experienced a one-year low of $81.37 and a high of $113.60. The moving averages indicate a 50-day average price of $200.89 and a 200-day average price of $193.41. The market capitalization of the fund stands at $10.92 billion, with a P/E ratio of 18.53 and a beta of 1.10, suggesting moderate market volatility.

Understanding the iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is specifically designed to track large and mid-cap U.S. equities. The ETF is based on the MSCI USA Momentum SR Variant index, which selects and weights equities based on price appreciation over a period of 6 to 12 months, while also considering low volatility over the previous three years.

ETF, Investment, Stocks