iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 52-Week High – What’s Next?

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $217.45 and last traded at $212.98, with a volume of 1633378 shares changing hands. The stock had previously closed at $217.55.

iShares MSCI USA Momentum Factor ETF Price Performance

The business’s 50 day moving average price is $209.44 and its 200 day moving average price is $199.10. The firm has a market cap of $11.55 billion, a PE ratio of 18.53 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MTUM. Signaturefd LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 155 shares in the last quarter. Arizona PSPRS Trust increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after buying an additional 7,115 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 407.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock valued at $791,000 after buying an additional 3,260 shares during the period. Mercer Global Advisors Inc. ADV grew its position in iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after acquiring an additional 213,637 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in iShares MSCI USA Momentum Factor ETF by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock worth $39,586,000 after acquiring an additional 4,802 shares during the period.

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.