iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Lido Advisors LLC

Lido Advisors LLC lowered its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 40,017 shares of the company’s stock after selling 4,341 shares during the quarter. Lido Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,280,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MTUM. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 58.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock valued at $2,608,970,000 after purchasing an additional 4,651,707 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $574,824,000. LPL Financial LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 215.4% in the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after purchasing an additional 1,334,851 shares during the period. Assetmark Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the fourth quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock valued at $362,297,000 after purchasing an additional 57,922 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.2% in the fourth quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock valued at $253,541,000 after purchasing an additional 81,918 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $209.55 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $229.77. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 26.98 and a beta of 1.00. The company’s fifty day moving average price is $202.32 and its two-hundred day moving average price is $209.73.

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.