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

Nwam LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 91.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,942 shares of the company’s stock after purchasing an additional 1,881 shares during the period. Nwam LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after buying an additional 1,332,181 shares in the last quarter. LPL Financial LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI USA Momentum Factor ETF by 32.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after acquiring an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 55.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares during the last quarter. Finally, CWM LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after purchasing an additional 230,310 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 3.0%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $303.41 on Friday. 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 has a 12-month low of $229.42 and a 12-month high of $345.59. The business’s 50 day moving average is $317.44 and its 200-day moving average is $277.95.

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.