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

Kelly Financial Services LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,544 shares of the company’s stock after buying an additional 1,385 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 1.7% of Kelly Financial Services LLC’s portfolio, 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 as of its most recent filing with the Securities and Exchange Commission.

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

iShares MSCI USA Momentum Factor ETF Stock Up 11.2%

MTUM opened at $232.36 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $234.78. The stock has a market cap of $17.03 billion, a P/E ratio of 28.96 and a beta of 1.02. The company has a fifty day simple moving average of $214.78 and a 200 day simple moving average of $213.45.

About iShares MSCI USA Momentum Factor ETF

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.