Cwm LLC Acquires 11,546 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Cwm LLC grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 911,115 shares of the company’s stock after acquiring an additional 11,546 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 0.7% of Cwm LLC’s portfolio, making the stock its 28th biggest position. Cwm LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $233,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Acropolis Investment Management LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after purchasing an additional 5,813 shares during the period. Beacon Financial Group lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after buying an additional 2,203 shares during the period. Advocacy Wealth Management Services LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 5.7% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after buying an additional 4,752 shares in the last quarter. Gilbert Capital Group Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $3,750,000. Finally, Allworth Financial LP grew its position in iShares MSCI USA Momentum Factor ETF by 88.4% in the second quarter. Allworth Financial LP now owns 18,613 shares of the company’s stock valued at $4,473,000 after acquiring an additional 8,731 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $255.36 on Friday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The business has a fifty day moving average of $250.11 and a two-hundred day moving average of $246.15. The stock has a market cap of $18.64 billion, a PE ratio of 28.67 and a beta of 1.02.

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.