iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $209.55 and last traded at $208.74, with a volume of 280753 shares. The stock had previously closed at $209.33.
iShares MSCI USA Momentum Factor ETF Stock Down 0.3 %
The company’s fifty day simple moving average is $199.71 and its 200 day simple moving average is $192.32. The firm has a market capitalization of $11.24 billion, a PE ratio of 18.53 and a beta of 1.10.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Convergence Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth $12,845,000. Trueblood Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $382,000. Blackston Financial Advisory Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $252,000. Silver Oak Securities Incorporated increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 75.7% in the 3rd quarter. Silver Oak Securities Incorporated now owns 7,691 shares of the company’s stock worth $1,553,000 after acquiring an additional 3,313 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in iShares MSCI USA Momentum Factor ETF by 19.5% during the 3rd quarter. Dakota Wealth Management now owns 3,343 shares of the company’s stock valued at $678,000 after acquiring an additional 546 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.
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