Lido Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 155,224 shares of the company’s stock after acquiring an additional 2,157 shares during the quarter. Lido Advisors LLC owned 0.21% of iShares MSCI USA Momentum Factor ETF worth $37,253,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth approximately $25,000. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $26,000.
iShares MSCI USA Momentum Factor ETF Stock Down 0.1%
MTUM stock opened at $314.24 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The company has a market cap of $22.94 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50 day moving average of $317.77 and a two-hundred day moving average of $279.54.
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.
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