RCS Financial Planning LLC Boosts Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

by · The Cerbat Gem

RCS Financial Planning LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,825 shares of the company’s stock after buying an additional 377 shares during the quarter. RCS Financial Planning LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MTUM. Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Compass Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $30,000. Cornerstone Planning Group LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after purchasing an additional 118 shares during the last quarter. Finally, CX Institutional acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $43,000.

iShares MSCI USA Momentum Factor ETF Stock Up 21.9%

Shares of MTUM opened at $254.83 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The stock has a 50 day moving average price of $249.92 and a 200 day moving average price of $232.54. The company has a market capitalization of $18.60 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Profile

(Free Report)

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.

Further Reading

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