Nwam LLC Buys 1,881 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Nwam LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 91.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,942 shares of the company’s stock after buying an additional 1,881 shares during the quarter. Nwam LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $946,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MTUM. Mercer Global Advisors Inc. ADV grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after purchasing an additional 229,850 shares during the period. LPL Financial LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares during the period. Raymond James Financial Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after purchasing an additional 152,723 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after buying an additional 37,278 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 3.0%

MTUM opened at $303.41 on Friday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The company has a fifty day simple moving average of $317.44 and a 200 day simple moving average of $277.95. The stock has a market cap of $22.15 billion, a P/E ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Profile

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.