Tradewinds LLC. Buys New Position in iShares MSCI USA Momentum Factor ETF $MTUM

Tradewinds LLC. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,685 shares of the company’s stock, valued at approximately $5,817,000. iShares MSCI USA Momentum Factor ETF accounts for about 1.4% of Tradewinds LLC.’s investment portfolio, making the stock its 22nd largest holding.

Several other hedge funds have also made changes to their positions in MTUM. Envestnet Asset Management Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after purchasing an additional 1,094,104 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at approximately $220,286,000. Park Avenue Securities LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $109,923,000. Osaic Holdings Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 59.7% during the second quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock worth $120,371,000 after acquiring an additional 193,332 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after acquiring an additional 168,340 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 23.7%

BATS:MTUM opened at $258.42 on Monday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The firm has a market cap of $18.86 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a fifty day moving average price of $250.80 and a 200 day moving average price of $248.77.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.