iShares MSCI USA Momentum Factor ETF $MTUM Holdings Boosted by Lido Advisors LLC

Lido Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 48.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 155,639 shares of the company’s stock after purchasing an additional 50,907 shares during the quarter. Lido Advisors LLC owned about 0.21% of iShares MSCI USA Momentum Factor ETF worth $49,391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Heritage Family Offices LLP purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $28,000. YANKCOM Partnership purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $31,000. Fairway Wealth LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $36,000. Morling Financial Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $50,000. Finally, AlphaCore Capital LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 639.1% during the 3rd quarter. AlphaCore Capital LLC now owns 170 shares of the company’s stock valued at $54,000 after buying an additional 147 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.2%

Shares of MTUM opened at $66.73 on Wednesday. The business’s 50-day moving average price is $75.36 and its 200-day moving average price is $72.54. iShares MSCI USA Momentum Factor ETF has a twelve month low of $57.35 and a twelve month high of $86.40. The stock has a market cap of $16.59 billion, a PE ratio of 20.77 and a beta of 1.09.

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.