Chicago Partners Investment Group LLC Increases Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Chicago Partners Investment Group LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,339 shares of the company’s stock after buying an additional 81 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,696,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mullooly Asset Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $2,162,511,000. Raymond James Financial Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 5.5% in the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after purchasing an additional 151,872 shares in the last quarter. LPL Financial LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 0.3% in the 1st quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock valued at $396,197,000 after buying an additional 5,473 shares during the last quarter. Assetmark Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.5% during the 1st quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock worth $366,425,000 after buying an additional 61,915 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock worth $261,777,000 after buying an additional 4,200 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.0%

MTUM stock opened at $252.87 on Friday. The firm has a market cap of $18.46 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50 day moving average of $250.24 and a 200-day moving average of $233.03. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99.

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.