JPMorgan Chase & Co. cut its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS – Free Report) by 35.9% in the third quarter, Holdings Channel.com reports. The firm owned 31,386 shares of the company’s stock after selling 17,593 shares during the quarter. JPMorgan Chase & Co.’s holdings in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF were worth $1,588,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Austin Wealth Management LLC lifted its position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 2.9% during the 3rd quarter. Austin Wealth Management LLC now owns 563,788 shares of the company’s stock worth $28,155,000 after buying an additional 15,767 shares in the last quarter. Capital Square LLC bought a new stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 3rd quarter worth about $582,000. Quantinno Capital Management LP bought a new stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 3rd quarter worth about $411,000. Finally, Integrated Wealth Concepts LLC bought a new stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 3rd quarter worth about $240,000.
PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Price Performance
Shares of NYSEARCA:MFUS opened at $51.83 on Friday. The company’s 50-day moving average price is $50.93 and its two-hundred day moving average price is $49.87. The stock has a market capitalization of $161.71 million, a PE ratio of 16.36 and a beta of 0.87. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a one year low of $42.63 and a one year high of $52.65.
PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Profile
The PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) is an exchange-traded fund that is based on the RAFI Dynamic Multi-Factor U.S. index. The fund tracks an index of US companies that are selected and weighted by a combination of fundamental and technical factors. MFUS was launched on Aug 31, 2017 and is managed by PIMCO.
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