iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 1-Year High – Here’s Why

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $216.23 and last traded at $214.45, with a volume of 936524 shares traded. The stock had previously closed at $214.91.

iShares MSCI USA Momentum Factor ETF Trading Down 0.2 %

The stock has a 50 day simple moving average of $206.00 and a 200 day simple moving average of $196.74. The firm has a market capitalization of $11.61 billion, a PE ratio of 18.53 and a beta of 1.10.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of MTUM. Fortitude Family Office LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares during the period. Abich Financial Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $33,000. Signaturefd LLC lifted its position in shares of 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 worth $33,000 after purchasing an additional 155 shares during the period. Wellington Shields & Co. LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $42,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $43,000.

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.