1,883 iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 52.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,734 shares of the company’s stock after selling 1,883 shares during the period. Interchange Capital Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. State of Michigan Retirement System increased its stake in iShares MSCI USA Momentum Factor ETF by 4.1% during the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after acquiring an additional 52,800 shares during the last quarter. Orgel Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF by 27.0% during the third quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock valued at $271,091,000 after purchasing an additional 181,536 shares during the period. Cetera Investment Advisers raised its position in iShares MSCI USA Momentum Factor ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock valued at $146,766,000 after purchasing an additional 4,261 shares during the period. Royal Bank of Canada lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.6% in the 1st quarter. Royal Bank of Canada now owns 507,713 shares of the company’s stock valued at $121,845,000 after purchasing an additional 26,884 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.6% in the 1st quarter. Bank of New York Mellon Corp now owns 424,939 shares of the company’s stock valued at $101,981,000 after purchasing an additional 40,666 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $284.10 on Friday. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business has a 50 day simple moving average of $306.44 and a 200-day simple moving average of $289.79. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59.

Shares of iShares MSCI USA Momentum Factor ETF are set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Wednesday, November 4th.

iShares MSCI USA Momentum Factor ETF Company Profile

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.