Northwestern Mutual Wealth Management Co. Has $39.59 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Northwestern Mutual Wealth Management Co. grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 203,140 shares of the company’s stock after purchasing an additional 4,802 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.38% of iShares MSCI USA Momentum Factor ETF worth $39,586,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MTUM. Aveo Capital Partners LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $281,000. Stifel Financial Corp boosted its position in iShares MSCI USA Momentum Factor ETF by 12.3% in the 4th quarter. Stifel Financial Corp now owns 57,521 shares of the company’s stock valued at $9,026,000 after buying an additional 6,299 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $467,000. Edge Capital Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $288,000. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 3.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after acquiring an additional 229,231 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.7 %

Shares of MTUM opened at $201.94 on Monday. The stock’s fifty day simple moving average is $192.45 and its 200-day simple moving average is $189.90. The firm has a market capitalization of $10.93 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.