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

Tradewinds LLC. grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 42.5% during the fourth quarter, HoldingsChannel reports. The fund owned 14,724 shares of the company’s stock after purchasing an additional 4,391 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 0.9% of Tradewinds LLC.’s investment portfolio, making the stock its 29th biggest holding. Tradewinds LLC.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 12.2% during the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after acquiring an additional 73,442 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of iShares MSCI USA Momentum Factor ETF by 38.7% during the third quarter. Glenmede Trust Co. NA now owns 3,327 shares of the company’s stock worth $675,000 after purchasing an additional 928 shares in the last quarter. Financial Counselors Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 23.4% during the third quarter. Financial Counselors Inc. now owns 1,351 shares of the company’s stock worth $274,000 after purchasing an additional 256 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $368,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $881,000.

iShares MSCI USA Momentum Factor ETF Stock Down 3.3 %

MTUM opened at $202.14 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $229.77. The business’s 50 day moving average is $214.63 and its two-hundred day moving average is $210.73. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 27.38 and a beta of 1.00.

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.