Interchange Capital Partners LLC Has $753,000 Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Interchange Capital Partners LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,146 shares of the company’s stock after selling 246 shares during the period. Interchange Capital Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $753,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Mullooly Asset Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $2,162,511,000. Raymond James Financial Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.5% in the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after buying an additional 151,872 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.3% in the 1st quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock worth $396,197,000 after buying an additional 5,473 shares in the last quarter. Assetmark Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.5% in the 1st quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock worth $366,425,000 after buying an additional 61,915 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock worth $261,777,000 after buying an additional 4,200 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 22.3%

Shares of MTUM opened at $255.50 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The stock has a 50 day simple moving average of $250.97 and a 200-day simple moving average of $235.83. The stock has a market cap of $18.65 billion, a PE ratio of 28.67 and a beta of 1.02.

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.