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

Northwestern Mutual Wealth Management Co. grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 23.1% during the fourth quarter, HoldingsChannel reports. The firm owned 364,221 shares of the company’s stock after buying an additional 68,443 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $91,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Caliber Wealth Management LLC KS boosted its position in iShares MSCI USA Momentum Factor ETF by 0.4% in the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after buying an additional 39 shares during the last quarter. Traction Financial Partners LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the fourth quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after acquiring an additional 40 shares in the last quarter. Lunt Capital Management Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock valued at $375,000 after purchasing an additional 43 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock valued at $987,000 after purchasing an additional 45 shares during the last quarter. Finally, Mutual Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 0.8% during the 4th quarter. Mutual Advisors LLC now owns 5,728 shares of the company’s stock valued at $1,434,000 after purchasing an additional 45 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

Shares of MTUM opened at $315.81 on Friday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $228.53 and a 52-week high of $317.98. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s 50 day moving average is $275.97 and its two-hundred day moving average is $260.03.

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.