Lakeridge Wealth Management LLC Decreases Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Lakeridge Wealth Management LLC decreased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 16.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,111 shares of the company’s stock after selling 226 shares during the quarter. Lakeridge Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $267,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after buying an additional 1,094,104 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $2,162,511,000. Raymond James Financial Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 5.5% during the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after buying an additional 151,872 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the first quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock worth $396,197,000 after acquiring an additional 5,473 shares during the last quarter. Finally, Assetmark Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 2.4% during the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock valued at $445,958,000 after purchasing an additional 42,864 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 20.8%

Shares of BATS:MTUM opened at $252.54 on Tuesday. The company’s 50 day moving average is $252.98 and its 200 day moving average is $240.67. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The company has a market cap of $18.44 billion, a PE 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.