Strategic Financial Services Inc. Decreases Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Strategic Financial Services Inc. reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 206,900 shares of the company’s stock after selling 18,667 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 3.1% of Strategic Financial Services Inc.’s investment portfolio, making the stock its 10th largest holding. Strategic Financial Services Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $70,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.2% during the second quarter. Ameritas Advisory Services LLC now owns 192,185 shares of the company’s stock valued at $65,887,000 after acquiring an additional 65,103 shares during the period. Wedmont Private Capital bought a new position in iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $208,000. Morling Financial Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter worth about $50,000. Beaird Harris Wealth Management LLC increased its position in iShares MSCI USA Momentum Factor ETF by 25.7% in the second quarter. Beaird Harris Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 135 shares during the period. Finally, Nilsine Partners LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.8% during the 2nd quarter. Nilsine Partners LLC now owns 2,947 shares of the company’s stock worth $1,010,000 after purchasing an additional 80 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $304.86 on Monday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The stock has a market capitalization of $22.25 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50-day moving average price of $309.56 and a two-hundred day moving average price of $290.72.

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.