Washburn Capital Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 5,630 shares of the company’s stock, valued at approximately $1,353,000. iShares MSCI USA Momentum Factor ETF comprises approximately 0.7% of Washburn Capital Management Inc.’s holdings, making the stock its 23rd biggest position.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mullooly Asset Management Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth $2,162,511,000. Envestnet Asset Management Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 9.5% during 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 bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $220,286,000. Orgel Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $158,559,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth about $109,923,000.
iShares MSCI USA Momentum Factor ETF Stock Up 21.3%
iShares MSCI USA Momentum Factor ETF stock opened at $253.46 on Tuesday. The stock has a 50-day moving average price of $252.52 and a 200 day moving average price of $238.84. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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