Kovitz Investment Group Partners LLC Grows Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Kovitz Investment Group Partners LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 32.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,384 shares of the company’s stock after acquiring an additional 338 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in iShares MSCI USA Momentum Factor ETF by 5.8% in the 1st quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock worth $43,475,000 after acquiring an additional 11,729 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock valued at $382,000 after buying an additional 256 shares during the period. CX Institutional purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $43,000. Johnson Investment Counsel Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.9% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock valued at $364,000 after buying an additional 67 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $1,213,000.

iShares MSCI USA Momentum Factor ETF Stock Up 16.5%

Shares of BATS MTUM opened at $243.5650 on Friday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The firm has a fifty day moving average of $239.38 and a 200-day moving average of $222.53. The stock has a market capitalization of $17.78 billion, a PE ratio of 28.67 and a beta of 1.02.

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.