iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 12-Month High – Here’s What Happened

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high during trading on Monday . The stock traded as high as $344.44 and last traded at $343.92, with a volume of 69083 shares trading hands. The stock had previously closed at $338.52.

iShares MSCI USA Momentum Factor ETF Price Performance

The business’s 50-day moving average is $299.59 and its 200 day moving average is $268.29. The firm has a market capitalization of $24.99 billion, a P/E ratio of 28.67 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MTUM. Corient Private Wealth LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after acquiring an additional 1,332,181 shares during the last quarter. Focus Partners Wealth boosted its holdings in iShares MSCI USA Momentum Factor ETF by 2,939.7% in the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after acquiring an additional 896,644 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after acquiring an additional 652,414 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 32.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after acquiring an additional 280,192 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares during the period.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.