iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 12-Month High – What’s Next?

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) shares hit a new 52-week high during trading on Monday . The company traded as high as $209.55 and last traded at $208.74, with a volume of 280753 shares traded. The stock had previously closed at $209.33.

iShares MSCI USA Momentum Factor ETF Trading Down 0.3 %

The stock has a 50-day simple moving average of $198.52 and a 200 day simple moving average of $191.89. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Several institutional investors have recently made changes to their positions in the stock. Marino Stram & Associates LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 1.6% during the 3rd quarter. Marino Stram & Associates LLC now owns 5,718 shares of the company’s stock worth $1,159,000 after purchasing an additional 91 shares during the period. Trilogy Capital Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Trilogy Capital Inc. now owns 289,314 shares of the company’s stock worth $58,661,000 after purchasing an additional 7,343 shares during the period. Stratos Wealth Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 33.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,912 shares of the company’s stock worth $1,604,000 after purchasing an additional 2,001 shares during the period. Strid Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $250,000. Finally, Good Life Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 96.6% in the 3rd quarter. Good Life Advisors LLC now owns 4,428 shares of the company’s stock valued at $898,000 after buying an additional 2,176 shares during the last quarter.

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.