iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 1-Year High – What’s Next?

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high on Monday . The stock traded as high as $213.32 and last traded at $218.60, with a volume of 1275471 shares traded. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Price Performance

The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The business’s fifty day simple moving average is $216.56 and its 200 day simple moving average is $207.93.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Invst LLC grew its position in iShares MSCI USA Momentum Factor ETF by 22.4% in the 4th quarter. Invst LLC now owns 133,414 shares of the company’s stock valued at $27,606,000 after purchasing an additional 24,414 shares during the period. Sunbelt Securities Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 465.5% during the fourth quarter. Sunbelt Securities Inc. now owns 164 shares of the company’s stock worth $34,000 after acquiring an additional 135 shares in the last quarter. GTS Securities LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 75.4% in the fourth quarter. GTS Securities LLC now owns 11,084 shares of the company’s stock worth $2,294,000 after purchasing an additional 4,765 shares during the last quarter. Pettinga Financial Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $6,611,000. Finally, JT Stratford LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $246,000.

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.