Sound Financial Strategies Group LLC Raises Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Sound Financial Strategies Group LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 148.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,629 shares of the company’s stock after acquiring an additional 6,356 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 2.0% of Sound Financial Strategies Group LLC’s holdings, making the stock its 11th largest position. Sound Financial Strategies Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. Harbor Investment Advisory LLC grew 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 valued at $39,000 after acquiring an additional 118 shares during the period. WFA of San Diego LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $46,000. GAMMA Investing LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 45.0% during the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after purchasing an additional 67 shares in the last quarter. Hilltop National Bank purchased a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $55,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in iShares MSCI USA Momentum Factor ETF by 397.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock valued at $57,000 after purchasing an additional 179 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $253.41 on Friday. The stock has a market capitalization of $18.50 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50 day simple moving average of $249.92 and a 200-day simple moving average of $247.74. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99.

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