Kelly Financial Services LLC Makes New $4.59 Million Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kelly Financial Services LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,159 shares of the company’s stock, valued at approximately $4,585,000. iShares MSCI USA Momentum Factor ETF comprises about 1.4% of Kelly Financial Services LLC’s holdings, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fortitude Family Office LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares in the last quarter. Signaturefd LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares during the period. Abich Financial Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth approximately $43,000.

iShares MSCI USA Momentum Factor ETF Stock Up 4.0 %

Shares of BATS MTUM opened at $217.36 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The firm has a market cap of $11.77 billion, a PE ratio of 18.53 and a beta of 1.10. The business has a fifty day simple moving average of $211.85 and a two-hundred day simple moving average of $202.56.

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.