Wealthfront Advisers LLC Has $7.62 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Wealthfront Advisers LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3,594.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,835 shares of the company’s stock after purchasing an additional 35,838 shares during the period. Wealthfront Advisers LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $25,000. Mainstream Capital Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares in the last quarter. Finally, Realta Investment Advisors acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $49,000.

iShares MSCI USA Momentum Factor ETF Trading Down 4.3 %

MTUM opened at $199.96 on Thursday. The company’s 50 day moving average is $216.34 and its 200-day moving average is $209.60. The company has a market cap of $14.35 billion, a P/E ratio of 28.87 and a beta of 0.98. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year 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.