Sound Financial Strategies Group LLC Buys 6,053 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Sound Financial Strategies Group LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 56.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,682 shares of the company’s stock after purchasing an additional 6,053 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 2.9% of Sound Financial Strategies Group LLC’s holdings, making the stock its 5th biggest position. Sound Financial Strategies Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $25,000. Dagco Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $26,000. TFC Financial Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $28,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $28,000.

iShares MSCI USA Momentum Factor ETF Stock Up 2.7%

Shares of BATS MTUM opened at $301.80 on Friday. The company’s 50-day simple moving average is $257.98 and its 200-day simple moving average is $254.25. iShares MSCI USA Momentum Factor ETF has a 52-week low of $216.39 and a 52-week high of $302.01. The firm has a market cap of $22.03 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Profile

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.