Strategic Financial Services Inc. Has $56.40 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

by · The Cerbat Gem

Strategic Financial Services Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUMFree Report) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 222,511 shares of the company’s stock after acquiring an additional 3,289 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 2.6% of Strategic Financial Services Inc.’s holdings, making the stock its 11th biggest holding. Strategic Financial Services Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $56,404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $26,000. Finally, United Financial Planning Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $28,000.

iShares MSCI USA Momentum Factor ETF Stock Up 3.4%

Shares of BATS:MTUM opened at $314.05 on Wednesday. The company’s 50 day moving average price is $271.92 and its two-hundred day moving average price is $258.70. iShares MSCI USA Momentum Factor ETF has a 12-month low of $227.83 and a 12-month high of $314.75. The firm has a market cap of $22.93 billion, a PE ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

(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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.

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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUMFree Report).