Kelly Financial Services LLC Has $4.76 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kelly Financial Services LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.3% in the 1st quarter, Holdings Channel reports. The firm owned 23,544 shares of the company’s stock after buying an additional 1,385 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.7% of Kelly Financial Services LLC’s holdings, making the stock its 17th largest position. Kelly Financial Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Braun Bostich & Associates Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.5% during the 1st quarter. Braun Bostich & Associates Inc. now owns 6,422 shares of the company’s stock worth $1,298,000 after acquiring an additional 218 shares during the period. Fifth Third Bancorp increased its holdings in iShares MSCI USA Momentum Factor ETF by 13.0% during the 1st quarter. Fifth Third Bancorp now owns 3,931 shares of the company’s stock worth $795,000 after purchasing an additional 453 shares in the last quarter. Focus Financial Network Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.2% in the 1st quarter. Focus Financial Network Inc. now owns 8,656 shares of the company’s stock worth $1,750,000 after acquiring an additional 578 shares in the last quarter. Donaldson Capital Management LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.0% in the 1st quarter. Donaldson Capital Management LLC now owns 11,605 shares of the company’s stock worth $2,346,000 after buying an additional 758 shares during the last quarter. Finally, Columbia Advisory Partners LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $2,755,000.

iShares MSCI USA Momentum Factor ETF Stock Up 11.2%

BATS MTUM opened at $232.36 on Thursday. The company has a market cap of $17.03 billion, a PE ratio of 28.96 and a beta of 1.02. The firm’s 50-day simple moving average is $214.78 and its two-hundred day simple moving average is $213.45. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $234.78.

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.