Sound Financial Strategies Group LLC Cuts Position in iShares MSCI USA Momentum Factor ETF $MTUM

Sound Financial Strategies Group LLC cut its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,273 shares of the company’s stock after selling 306 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 0.9% of Sound Financial Strategies Group LLC’s holdings, making the stock its 22nd largest holding. 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 reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth $26,000. Cornerstone Planning Group LLC grew its stake in 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 in the last quarter. Harbor Investment Advisory LLC raised its position in iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares in the last quarter. GAMMA Investing LLC grew its position in shares of 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 buying an additional 67 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $55,000.

iShares MSCI USA Momentum Factor ETF Trading Up 18.1%

Shares of MTUM stock opened at $246.87 on Friday. The company has a market cap of $18.02 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm has a fifty day moving average price of $252.72 and a 200 day moving average price of $239.35. 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.