Sollinda Capital Management LLC Buys 3,711 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Sollinda Capital Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 79.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,404 shares of the company’s stock after purchasing an additional 3,711 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 0.6% of Sollinda Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Sollinda Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MTUM. TFC Financial Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $28,000. WFA of San Diego LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $46,000. Hilltop National Bank bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $55,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 397.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after buying an additional 179 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $64,000.

iShares MSCI USA Momentum Factor ETF Trading Up 23.6%

MTUM stock opened at $258.36 on Tuesday. The firm has a 50-day moving average price of $253.54 and a 200-day moving average price of $250.26. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The stock has a market capitalization of $18.86 billion, a P/E 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.