iShares MSCI USA Momentum Factor ETF $MTUM Holdings Lifted by Kelly Financial Services LLC

Kelly Financial Services LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 59.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,265 shares of the company’s stock after purchasing an additional 14,983 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 2.5% of Kelly Financial Services LLC’s investment portfolio, making the stock its 17th biggest holding. Kelly Financial Services LLC owned 0.06% of iShares MSCI USA Momentum Factor ETF worth $10,079,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MTUM. Triumph Capital Management acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $25,000. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $25,000. TFC Financial Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $28,000. United Financial Planning Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000. Finally, Howe & Rusling Inc. grew its stake 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 worth $32,000 after purchasing an additional 102 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $238.21 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $171.51 and a one year high of $262.10. The stock’s fifty day moving average is $251.35 and its 200-day moving average is $251.88. The firm has a market capitalization of $17.39 billion, a price-to-earnings 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.