LPL Financial LLC Has $823.99 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

LPL Financial LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 24.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,291,857 shares of the company’s stock after acquiring an additional 652,414 shares during the quarter. LPL Financial LLC owned about 4.51% of iShares MSCI USA Momentum Factor ETF worth $823,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bison Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares during the period. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $2,488,000. Russell Investments Group Ltd. lifted its stake in iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after buying an additional 128 shares during the period. First Trust Advisors LP acquired a new position in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $350,000. Finally, Qube Research & Technologies Ltd lifted its stake in iShares MSCI USA Momentum Factor ETF by 543.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after buying an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $306.47 on Monday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.29 and a 52-week high of $331.49. The business’s 50 day moving average price is $283.55 and its two-hundred day moving average price is $262.66. The firm has a market cap of $22.37 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.