RCS Financial Planning ETF Shifts
RCS Financial Planning Actively Rebalances ETF Holdings in Q1, Trimming Stakes and Initiating New Positions
Key Points
Beyond the stated trimming, iShares TLH ended the quarter with RCS Financial Planning LLC holding 3,220 shares worth $324,000, after selling 17,818 shares; TLH opened at $101.11 and exhibits a 50-day moving average of $99.71 and a 200-day moving average of $101.15, with a 12-month range of $96.89 to $105.40.
In MTUM, RCS trimmed its stake by 82.1% to 1,161 shares (worth $279,000), aligning with broader momentum-factor ETF activity observed among other institutions in the period, such as Mercer Global Advisors ADV increasing its MTUM position to 7,824,890 shares (~$1.96B) in Q4 and LPL Financial increasing by 24.7% to a larger base.
RCS’s QUAL position accounts for about 0.8% of its total holdings and is its 22nd-largest holding, with 7,550 shares valued at $1,448,000 after selling 9,008; additional executives show Armbruster Capital Management increasing its QUAL stake by 3.3% to 170,323 shares, indicating continued interest in the quality-factor tilt.
RCS initiated a new position in Fidelity Momentum Factor ETF (FDMO), buying 8,890 shares for about $712,000; FDMO opened at $96.80, with a market cap around $900 million, a P/E of 28.38, a beta of 1.05, and a 50- vs 200-day moving-average setup (93.33 vs 87.35). The ETF tracks Fidelity U.S. Momentum Factor index.
RCS also added to Fidelity Investment Grade Securitized ETF (FSEC), purchasing 27,082 shares for about $1,191,000; FSEC now makes up roughly 0.6% of the portfolio and ranks as the 27th largest holding, with FSEC initiating at an opening price of $44.11 and showing a 50-day/200-day moving average around $43.92 and $44.16 respectively, within a 52-week range of $42.97–$45.60.
RCS Financial Planning LLC made sweeping changes to its ETF portfolio in Q1, slashing its positions in three iShares funds while betting fresh capital on two Fidelity products. The firm sold 17,818 shares of the iShares 10-20 Year Treasury Bond ETF (TLH), cutting that stake by 84.7% to just 3,220 shares worth $324,000, according to Watchlist News.
At the same time, RCS opened brand-new positions in the Fidelity Momentum Factor ETF (FDMO) and the Fidelity Investment Grade Securitized ETF (FSEC), deploying roughly $1.9 million across the two funds. The moves signal a clear shift — away from BlackRock's iShares lineup and toward Fidelity's lower-profile but fast-growing factor ETFs.
RCS Dumps 84% of TLH and 82% of MTUM
The biggest cut came in TLH, the iShares fund that holds long-dated U.S. Treasury bonds maturing in 10 to 20 years. RCS sold 17,818 shares, leaving just 3,220 shares valued at $324,000. TLH currently trades near $101 and has a 52-week range of $96.89 to $105.40, according to Ticker Report.
RCS also slashed its iShares MSCI USA Momentum Factor ETF (MTUM) stake by 82.1%, selling 5,316 shares. Just 1,161 shares remain, worth $279,000. That exit stands in sharp contrast to peers. Mercer Global Advisors held 7,824,890 shares of MTUM worth roughly $1.96 billion, while LPL Financial grew its MTUM position by 24.7%, according to Watchlist News.
QUAL Gets Cut in Half as Quality Conviction Fades
RCS trimmed its iShares MSCI USA Quality Factor ETF (QUAL) position by 54.4%, selling 9,008 shares. It now holds 7,550 shares worth $1,448,000. That makes QUAL its 22nd-largest holding, accounting for about 0.8% of total assets, according to Watchlist News.
Not everyone is cooling on quality. Armbruster Capital Management moved in the opposite direction, growing its QUAL stake by 3.3% to 170,323 shares during the same period. The divergence shows that conviction in the "quality factor" — which favors profitable, low-debt companies — is splitting across the industry.
Fidelity FDMO Wins Fresh $712,000 Bet on Momentum
RCS bought 8,890 shares of the Fidelity Momentum Factor ETF (FDMO) for about $712,000, making it a brand-new position. FDMO opened at $96.80 and carries a market cap near $900 million, a price-to-earnings ratio of 28.38, and a beta of 1.05, according to Watchlist News.
FDMO's 50-day moving average of $93.33 sits well above its 200-day average of $87.35 — a pattern traders call a "golden cross," which often signals strong upward price momentum. Analysts note that FDMO rebalances quarterly, compared to MTUM's semi-annual schedule. That faster cadence lets the fund react more quickly to shifting market trends.
FSEC Purchase Swaps Treasury Duration for Securitized Debt
RCS also initiated a new position in the Fidelity Investment Grade Securitized ETF (FSEC), buying 27,082 shares for about $1,191,000. FSEC instantly became the firm's 27th-largest holding, making up roughly 0.6% of the total portfolio. The fund opened at $44.11 and has a 52-week range of $42.97 to $45.60, according to Watchlist News.
FSEC holds mortgage-backed securities and other securitized debt — not plain government bonds like TLH. That swap reduces what analysts call "duration risk," or the danger that rising interest rates crush the value of long-dated bonds. By moving into FSEC, RCS appears to be betting on a steadier rate environment where securitized yields can hold their value.
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