Magnus Financial Group LLC reduced its stake in the iShares MSCI USA Momentum Factor ETF by 5.7%, according to the latest SEC filings. The firm sold 344 shares during the second quarter, leaving it with 5,738 shares valued at $1.38 million.
Subscribe
ETFs
Stock Market
Magnus Financial Group LLC Has $1.38 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM
Photo by Ticker Report
Key Takeaways:
- Magnus Financial Group LLC cut its stake in iShares MSCI USA Momentum Factor ETF by 5.7%
- The firm sold 344 shares during the second quarter
- 5,738 shares remain in the portfolio
- The current position is valued at $1.38 million
- Disclosure came from a recent SEC Form 13F filing
Magnus Financial Group Reduces Stake
Magnus Financial Group LLC has reported lowering its stake in the iShares MSCI USA Momentum Factor ETF. According to its most recent Form 13F filing, the firm decreased its holdings by 5.7% during the second quarter.
Details from the Form 13F Filing
The filing reveals that Magnus Financial sold 344 shares of the ETF. While this move indicates a reduction in position, the fund still maintains a significant interest in the portfolio.
The Current Holdings
Following these transactions, Magnus Financial Group LLC’s total comes to 5,738 shares. The reported value of this remaining stake is approximately $1.38 million, underscoring the firm’s continued investment in the ETF.
