iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 52.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,734 shares of the company’s stock after selling 1,883 shares during the quarter. Interchange Capital Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $550,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MTUM. State of Michigan Retirement System increased its stake in iShares MSCI USA Momentum Factor ETF by 4.1% in the 1st 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 holdings in shares of iShares MSCI USA Momentum Factor ETF by 27.0% during the 3rd quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock worth $271,091,000 after acquiring an additional 181,536 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock valued at $146,766,000 after acquiring an additional 4,261 shares during the last quarter. Royal Bank of Canada boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.6% during the 1st quarter. Royal Bank of Canada now owns 507,713 shares of the company’s stock valued at $121,845,000 after acquiring an additional 26,884 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 10.6% during 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 acquiring an additional 40,666 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $284.10 on Friday. The firm has a fifty day moving average price of $306.44 and a 200 day moving average price of $289.79. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The firm has a market cap of $20.74 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF shares are set to split on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell 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.