iShares MSCI USA Momentum Factor ETF $MTUM is Washburn Capital Management Inc.’s 7th Largest Position

Washburn Capital Management Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 68.4% in the 4th quarter, HoldingsChannel reports. The firm owned 16,125 shares of the company’s stock after acquiring an additional 6,550 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 2.2% of Washburn Capital Management Inc.’s portfolio, making the stock its 7th biggest position. Washburn Capital Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,036,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MTUM. Bison Wealth LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at $2,488,000. Russell Investments Group Ltd. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% during the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after purchasing an additional 128 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at $350,000. Finally, Brown Advisory Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 10.3% during the second quarter. Brown Advisory Inc. now owns 9,035 shares of the company’s stock valued at $2,171,000 after purchasing an additional 846 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 4.2%

Shares of BATS MTUM opened at $259.64 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $179.04 and a 12 month high of $262.10. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business has a fifty day simple moving average of $249.07 and a 200-day simple moving average of $251.34.

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.