iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 12-Month High – Still a Buy?

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 $226.00, with a volume of 1275471 shares trading hands. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Stock Up 8.1 %

The business has a 50-day simple moving average of $214.37 and a two-hundred day simple moving average of $205.39. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

A number of institutional investors have recently modified their holdings of MTUM. AQR Capital Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $253,000. Exchange Traded Concepts LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $78,000. Zhang Financial LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $203,000. Magnus Financial Group LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1.9% in the 3rd quarter. Magnus Financial Group LLC now owns 6,201 shares of the company’s stock valued at $1,257,000 after buying an additional 113 shares during the last quarter. Finally, Bfsg LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $56,000.

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.