NWF Advisory Services Inc. Has $1.36 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

NWF Advisory Services Inc. lessened its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 34.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,427 shares of the company’s stock after selling 2,901 shares during the period. NWF Advisory Services Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Caliber Wealth Management LLC KS lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the fourth quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after purchasing an additional 39 shares in the last quarter. Traction Financial Partners LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.4% during the fourth quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after buying an additional 40 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock worth $249,000 after buying an additional 41 shares in the last quarter. Lunt Capital Management Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock valued at $375,000 after buying an additional 43 shares during the last quarter. Finally, Integrity Financial Corp WA raised its position in iShares MSCI USA Momentum Factor ETF by 5.4% in the 4th quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock valued at $211,000 after buying an additional 43 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $338.52 on Friday. The stock has a market capitalization of $24.71 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s 50 day moving average price is $299.59 and its two-hundred day moving average price is $268.14. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $339.83.

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