Lakeridge Wealth Management LLC Increases Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Lakeridge Wealth Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,337 shares of the company’s stock after buying an additional 249 shares during the period. Lakeridge Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $270,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kingsview Wealth Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 17.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock worth $275,000 after purchasing an additional 202 shares during the period. Avidian Wealth Enterprises LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $250,000. ShoreHaven Wealth Partners LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $2,306,000. Vontobel Holding Ltd. purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $432,000. Finally, Blue Trust Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 7.2% in the 4th quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock worth $253,541,000 after purchasing an additional 81,918 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $229.98 on Friday. The business’s 50 day simple moving average is $216.76 and its two-hundred day simple moving average is $213.69. The stock has a market capitalization of $16.86 billion, a P/E ratio of 28.96 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $234.78.

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.