Chicago Partners Investment Group LLC Has $8.89 Million Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Chicago Partners Investment Group LLC lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,360 shares of the company’s stock after selling 932 shares during the period. Chicago Partners Investment Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,886,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MTUM. Assetmark Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock worth $343,269,000 after acquiring an additional 72,891 shares during the period. Cerity Partners LLC grew its position in iShares MSCI USA Momentum Factor ETF by 2.5% during the third quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock worth $217,745,000 after buying an additional 26,235 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in iShares MSCI USA Momentum Factor ETF by 3.7% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock worth $206,089,000 after acquiring an additional 35,468 shares during the period. FMR LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 12.2% during the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after purchasing an additional 73,442 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.0% in the third quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock worth $125,668,000 after purchasing an additional 11,968 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 4.9 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $219.20 on Friday. The firm’s 50-day moving average price is $213.31 and its two-hundred day moving average price is $203.79. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.