Tradewinds LLC. Increases Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Tradewinds LLC. lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 42.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,724 shares of the company’s stock after buying an additional 4,391 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 0.9% of Tradewinds LLC.’s investment portfolio, making the stock its 29th largest holding. Tradewinds LLC.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,321,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Murphy & Mullick Capital Management Corp acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $30,000. Mainstream Capital Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $202.14 on Tuesday. The company’s 50 day moving average price is $214.63 and its 200 day moving average price is $210.73. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 27.38 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $229.77.

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.