RCS Financial Planning LLC Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

RCS Financial Planning LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,328 shares of the company’s stock, valued at approximately $689,000.

Other hedge funds have also modified their holdings of the company. Park Avenue Securities LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1,055.4% during the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after purchasing an additional 463,387 shares during the period. Janney Montgomery Scott LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 140.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock worth $87,961,000 after buying an additional 248,600 shares during the period. Citigroup Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,266.9% in the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after acquiring an additional 234,524 shares during the last quarter. Foundations Investment Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 245.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock valued at $46,564,000 after acquiring an additional 159,916 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 455.1% during the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock worth $33,952,000 after acquiring an additional 129,521 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $216.29 on Wednesday. The business’s 50-day simple moving average is $212.94 and its 200-day simple moving average is $203.47. The firm has a market capitalization of $11.71 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

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.