50,907 iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Lido Advisors LLC

Lido Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 48.6% in the third quarter, Holdings Channel reports. The firm owned 155,639 shares of the company’s stock after purchasing an additional 50,907 shares during the period. Lido Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $49,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MTUM. Sequoia Financial Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 6.7% during the second quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock valued at $35,604,000 after buying an additional 6,557 shares during the period. Legacy Wealth Managment LLC ID increased its stake in iShares MSCI USA Momentum Factor ETF by 772.6% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock worth $1,472,000 after acquiring an additional 3,801 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $18,576,000. First Heartland Consultants Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 149.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock worth $13,550,000 after acquiring an additional 25,614 shares during the last quarter. Finally, Shah Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $16,707,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.2%

BATS:MTUM opened at $66.73 on Wednesday. The business’s 50-day moving average price is $75.36 and its two-hundred 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 P/E 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.