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

Kelly Financial Services LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 59.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,265 shares of the company’s stock after acquiring an additional 14,983 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 2.5% of Kelly Financial Services LLC’s holdings, making the stock its 17th biggest position. Kelly Financial Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $10,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kathmere Capital Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 175,897 shares of the company’s stock valued at $44,029,000 after acquiring an additional 5,057 shares during the period. Flagstar Advisors Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 1.7% in the fourth quarter. Flagstar Advisors Inc. now owns 2,892 shares of the company’s stock worth $724,000 after purchasing an additional 48 shares during the period. Signal Advisors Wealth LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 6.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 2,723 shares of the company’s stock worth $682,000 after purchasing an additional 168 shares during the period. World Equity Group Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 9.5% during the 4th quarter. World Equity Group Inc. now owns 3,342 shares of the company’s stock valued at $837,000 after purchasing an additional 291 shares in the last quarter. Finally, Sax Wealth Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 18.1% during the 4th quarter. Sax Wealth Advisors LLC now owns 25,046 shares of the company’s stock valued at $6,269,000 after purchasing an additional 3,836 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $238.21 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10. The business’s fifty day moving average is $251.35 and its 200-day moving average is $251.88. The stock has a market cap of $17.39 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.