Interchange Capital Partners LLC Sells 246 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Interchange Capital Partners LLC reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $26,000. Compass Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $30,000. Cornerstone Planning Group LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after purchasing an additional 118 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after purchasing an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 22.3%

BATS:MTUM opened at $255.50 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The firm has a market capitalization of $18.65 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $250.97 and its 200-day simple moving average is $235.83.

About iShares MSCI USA Momentum Factor ETF

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.