RCS Financial Planning LLC Sells 5,323 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

RCS Financial Planning LLC trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 82.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,161 shares of the company’s stock after selling 5,323 shares during the period. RCS Financial Planning LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Braun Bostich & Associates Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after acquiring an additional 4,463 shares in the last quarter. BCGM Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock valued at $6,424,000 after purchasing an additional 7,960 shares in the last quarter. Cypress Wealth Services LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.6% during the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after purchasing an additional 5,740 shares in the last quarter. Assetmark Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after purchasing an additional 37,278 shares during the period. Finally, Flagship Capital Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $1,779,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $339.30 on Friday. The business has a 50 day simple moving average of $305.20 and a 200 day simple moving average of $270.68. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The stock has a market cap of $24.77 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.