Washburn Capital Management Inc. Has $2.46 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Washburn Capital Management Inc. raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 70.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,575 shares of the company’s stock after purchasing an additional 3,945 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 1.4% of Washburn Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Washburn Capital Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. TFC Financial Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000. WFA of San Diego LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $46,000. GAMMA Investing LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares during the period. Hilltop National Bank acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $55,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in iShares MSCI USA Momentum Factor ETF by 397.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock valued at $57,000 after buying an additional 179 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 23.7%

iShares MSCI USA Momentum Factor ETF stock opened at $258.42 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The company has a 50 day moving average of $250.80 and a 200-day moving average of $248.60. The stock has a market capitalization of $18.86 billion, a PE ratio of 28.67 and a beta of 1.02.

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.