Sollinda Capital Management LLC Has $2.16 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Sollinda Capital Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 79.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,404 shares of the company’s stock after buying an additional 3,711 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 0.6% of Sollinda Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Sollinda Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,155,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. TFC Financial Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $28,000. WFA of San Diego LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $46,000. Hilltop National Bank acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $55,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 397.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after buying an additional 179 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $64,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $258.36 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The firm’s 50-day simple moving average is $253.54 and its 200 day simple moving average is $250.26. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.