Lido Advisors LLC Has $39.40 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Lido Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 67.5% in the third quarter, Holdings Channel reports. The institutional investor owned 153,621 shares of the company’s stock after buying an additional 61,915 shares during the period. Lido Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $39,396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTUM. Raymond James Financial Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 4.1% in the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after acquiring an additional 120,851 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after acquiring an additional 90,841 shares in the last quarter. Bank of America Corp DE grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock worth $317,742,000 after acquiring an additional 94,881 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.4% in the third quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after purchasing an additional 17,400 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the third quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after purchasing an additional 29,230 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.2%

Shares of MTUM stock opened at $243.44 on Monday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10. The company’s fifty day simple moving average is $253.47 and its 200-day simple moving average is $251.93. The firm has a market cap of $17.77 billion, a PE ratio of 28.67 and a beta of 1.02.

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.