Woodmont Investment Counsel LLC Makes New $28,000 Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Woodmont Investment Counsel LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 150 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds also recently added to or reduced their stakes in the company. Able Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $28,000. GAMMA Investing LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $29,000. Baker Avenue Asset Management LP raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 46.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after purchasing an additional 89 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 281.5% in the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock valued at $39,000 after purchasing an additional 183 shares in the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $56,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.2 %

Shares of BATS MTUM traded up $0.33 during mid-day trading on Tuesday, reaching $195.20. The company had a trading volume of 450,297 shares. The firm has a 50 day simple moving average of $188.15 and a two-hundred day simple moving average of $178.79. The stock has a market cap of $10.57 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

iShares MSCI USA Momentum Factor ETF Company 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.