10Elms LLP Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

10Elms LLP purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,180 shares of the company’s stock, valued at approximately $2,313,000. iShares MSCI USA Momentum Factor ETF comprises 2.4% of 10Elms LLP’s portfolio, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of MTUM. Duncker Streett & Co. Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Murphy & Mullick Capital Management Corp bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $30,000. Mainstream Capital Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $31,000. Operose Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 48.0% in the 4th quarter. Operose Advisors LLC now owns 188 shares of the company’s stock worth $39,000 after purchasing an additional 61 shares during the last quarter. Finally, Realta Investment Advisors bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $49,000.

iShares MSCI USA Momentum Factor ETF Stock Up 10.1%

Shares of MTUM stock opened at $230.05 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $231.39. The company has a market cap of $16.77 billion, a PE ratio of 28.96 and a beta of 1.00. The business’s 50 day moving average is $205.85 and its two-hundred day moving average is $211.17.

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.