Whipplewood Advisors LLC Takes $3.08 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Whipplewood Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,862 shares of the company’s stock, valued at approximately $3,075,000. iShares MSCI USA Momentum Factor ETF makes up about 1.7% of Whipplewood Advisors LLC’s holdings, making the stock its 8th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in iShares MSCI USA Momentum Factor ETF by 16.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,203 shares of the company’s stock valued at $447,000 after purchasing an additional 316 shares in the last quarter. Fortitude Family Office LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Strategic Blueprint LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 13.1% during the third quarter. Strategic Blueprint LLC now owns 3,751 shares of the company’s stock worth $761,000 after buying an additional 433 shares in the last quarter. Finally, Eagle Strategies LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the third quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock valued at $613,000 after buying an additional 77 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 4.3 %

BATS:MTUM opened at $218.03 on Thursday. The company has a market cap of $15.64 billion, a P/E ratio of 28.87 and a beta of 0.98. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company’s 50-day moving average price is $216.78 and its 200-day moving average price is $208.69.

iShares MSCI USA Momentum Factor ETF Company 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.