Maxwell Wealth Strategies Inc. Acquires New Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Maxwell Wealth Strategies Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, HoldingsChannel.com reports. The fund bought 9,688 shares of the company’s stock, valued at approximately $2,005,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Faithward Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $201,000. Advisory Services Network LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.3% during the fourth quarter. Advisory Services Network LLC now owns 75,642 shares of the company’s stock worth $15,652,000 after buying an additional 7,088 shares during the period. Trek Financial LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 269.6% in the fourth quarter. Trek Financial LLC now owns 23,840 shares of the company’s stock valued at $4,933,000 after acquiring an additional 17,389 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in iShares MSCI USA Momentum Factor ETF by 75.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock worth $233,000 after acquiring an additional 484 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 58.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock worth $2,608,970,000 after acquiring an additional 4,651,707 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 13.6 %

Shares of BATS:MTUM opened at $180.62 on Wednesday. The company has a market cap of $12.44 billion, a PE ratio of 27.38 and a beta of 1.00. The company’s 50 day moving average is $210.49 and its two-hundred day moving average is $210.17. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $229.77.

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.