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

Northwestern Mutual Wealth Management Co. trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 337,175 shares of the company’s stock after selling 46,857 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $115,594,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bison Wealth LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $2,488,000. Russell Investments Group Ltd. increased its holdings in iShares MSCI USA Momentum Factor ETF by 15.1% during the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after buying an additional 128 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $350,000. Finally, Qube Research & Technologies Ltd grew its position in shares of iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after acquiring an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $296.52 on Wednesday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The business has a fifty day moving average price of $311.40 and a 200-day moving average price of $289.67. The firm has a market capitalization of $21.65 billion, a price-to-earnings 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.