Chicago Partners Investment Group LLC Has $9.70 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Chicago Partners Investment Group LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,339 shares of the company’s stock after acquiring an additional 81 shares during the quarter. Chicago Partners Investment Group LLC owned approximately 0.06% of iShares MSCI USA Momentum Factor ETF worth $9,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Compass Wealth Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $30,000. Cornerstone Planning Group LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after acquiring an additional 87 shares in the last quarter. Harbor Investment Advisory LLC raised 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 valued at $39,000 after purchasing an additional 118 shares during the period. Finally, GAMMA Investing LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 21.0%

Shares of MTUM opened at $252.87 on Friday. The stock has a market cap of $18.46 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average is $250.24 and its 200 day moving average is $233.03. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99.

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.