Kelly Financial Services LLC Buys 3,499 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Kelly Financial Services LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,043 shares of the company’s stock after buying an additional 3,499 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 1.9% of Kelly Financial Services LLC’s investment portfolio, making the stock its 16th biggest holding. Kelly Financial Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $26,000. Compass Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $30,000. Cornerstone Planning Group LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% during the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 87 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $33,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 262.2% during the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after buying an additional 118 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $254.65 on Monday. The firm has a market cap of $18.59 billion, a PE ratio of 28.67 and a beta of 1.02. The business’s 50 day simple moving average is $246.25 and its 200 day simple moving average is $227.98. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99.

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.