2,842 iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Washburn Capital Management Inc.

Washburn Capital Management Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,884 shares of the company’s stock after buying an additional 2,842 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 5.9% of Washburn Capital Management Inc.’s portfolio, making the stock its 4th largest position. Washburn Capital Management Inc. owned 0.05% of iShares MSCI USA Momentum Factor ETF worth $12,022,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MTUM. Sequoia Financial Advisors LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 6.7% during the second quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock valued at $35,604,000 after purchasing an additional 6,557 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter worth $18,576,000. Legacy Wealth Managment LLC ID raised its holdings in iShares MSCI USA Momentum Factor ETF by 772.6% in the second quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock worth $1,472,000 after purchasing an additional 3,801 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 149.9% in the third quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock worth $13,550,000 after purchasing an additional 25,614 shares in the last quarter. Finally, Shah Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth $16,707,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.1%

iShares MSCI USA Momentum Factor ETF stock traded up $3.08 on Monday, hitting $296.25. 581,078 shares of the stock traded hands, compared to its average volume of 1,229,802. The firm has a market cap of $21.63 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s fifty day simple moving average is $309.73 and its 200 day simple moving average is $304.39. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59.

Shares of iShares MSCI USA Momentum Factor ETF are set to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

iShares MSCI USA Momentum Factor ETF Company 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.