10Elms LLP Invests $2.31 Million in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

10Elms LLP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,180 shares of the company’s stock, valued at approximately $2,313,000. iShares MSCI USA Momentum Factor ETF accounts for 2.4% of 10Elms LLP’s portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Heartland Consultants Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,338.8% in the 4th quarter. First Heartland Consultants Inc. now owns 19,352 shares of the company’s stock valued at $4,004,000 after buying an additional 18,007 shares in the last quarter. Continuum Advisory LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 48.1% during the fourth quarter. Continuum Advisory LLC now owns 1,078 shares of the company’s stock worth $223,000 after acquiring an additional 350 shares in the last quarter. NCM Capital Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. NCM Capital Management LLC now owns 1,044 shares of the company’s stock worth $216,000 after purchasing an additional 44 shares in the last quarter. Glen Eagle Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 20.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 724 shares of the company’s stock valued at $150,000 after purchasing an additional 124 shares during the last quarter. Finally, Talisman Wealth Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 2.1% in the fourth quarter. Talisman Wealth Advisors LLC now owns 3,425 shares of the company’s stock valued at $709,000 after buying an additional 71 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $230.05 on Wednesday. The company has a market capitalization of $16.77 billion, a P/E ratio of 28.96 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $231.39. The business’s 50 day simple moving average is $205.85 and its 200-day simple moving average is $211.17.

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.