Northwestern Mutual Wealth Management Co. Reduces Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Northwestern Mutual Wealth Management Co. lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 76.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,839 shares of the company’s stock after selling 224,939 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $17,732,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MTUM. Bison Wealth LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $2,488,000. Russell Investments Group Ltd. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after purchasing an additional 128 shares during the period. First Trust Advisors LP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after purchasing an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 2.4%

Shares of MTUM opened at $299.59 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $223.47 and a 12-month high of $307.96. The firm has a 50-day moving average price of $267.14 and a 200 day moving average price of $257.17. The firm has a market capitalization of $21.87 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.