Sound Financial Strategies Group LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,273 shares of the company’s stock after selling 306 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 0.9% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 22nd largest position. Sound Financial Strategies Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,027,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Valtinson Bruner Financial Planning LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $205,000. Modera Wealth Management LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.8% in the 2nd quarter. Modera Wealth Management LLC now owns 7,300 shares of the company’s stock valued at $1,754,000 after buying an additional 268 shares in the last quarter. Regimen Wealth LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $839,000. Stone House Investment Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the 2nd quarter. Stone House Investment Management LLC now owns 37,387 shares of the company’s stock worth $8,985,000 after acquiring an additional 1,544 shares during the period. Finally, Convergence Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.5% during the 2nd quarter. Convergence Financial LLC now owns 73,191 shares of the company’s stock worth $17,589,000 after acquiring an additional 5,110 shares during the period.
iShares MSCI USA Momentum Factor ETF Trading Up 18.1%
Shares of MTUM opened at $246.87 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The firm has a market capitalization of $18.02 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm has a 50-day moving average price of $252.72 and a 200 day moving average price of $239.35.
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.
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