JPMorgan Chase & Co. Increases Position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF $MFUS

JPMorgan Chase & Co. raised its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) by 66.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,463 shares of the company’s stock after buying an additional 35,443 shares during the period. JPMorgan Chase & Co. owned approximately 2.38% of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF worth $4,976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 2nd quarter worth approximately $99,000. Integrated Wealth Concepts LLC grew its holdings in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 8.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,973 shares of the company’s stock valued at $400,000 after buying an additional 602 shares during the last quarter. Walkner Condon Financial Advisors LLC purchased a new position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the third quarter worth $525,000. Caerus Investment Advisors LLC purchased a new position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the third quarter worth $538,000. Finally, Mid American Wealth Advisory Group Inc. raised its holdings in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 24.4% in the third quarter. Mid American Wealth Advisory Group Inc. now owns 11,956 shares of the company’s stock worth $672,000 after acquiring an additional 2,346 shares during the last quarter.

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Stock Up 0.1%

Shares of NYSEARCA:MFUS opened at $58.62 on Friday. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a 52-week low of $43.62 and a 52-week high of $61.16. The stock’s fifty day simple moving average is $59.48 and its 200-day simple moving average is $57.51. The company has a market capitalization of $218.07 million, a P/E ratio of 19.69 and a beta of 0.89.

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Company 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.