Lido Advisors LLC Acquires 61,915 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Lido Advisors LLC raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 67.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 153,621 shares of the company’s stock after acquiring an additional 61,915 shares during the period. Lido Advisors LLC owned about 0.21% of iShares MSCI USA Momentum Factor ETF worth $39,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. TFC Financial Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $28,000. United Financial Planning Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $28,000. Howe & Rusling Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after buying an additional 102 shares during the period. Ameriflex Group Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 604.3% in the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $42,000 after buying an additional 139 shares during the period. Finally, WFA of San Diego LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $46,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.2%

Shares of BATS:MTUM 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 price-to-earnings ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.