iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 52-Week High at $189.70

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during trading on Monday . The company traded as high as $189.70 and last traded at $189.20, with a volume of 588167 shares trading hands. The stock had previously closed at $186.03.

iShares MSCI USA Momentum Factor ETF Trading Up 1.6 %

The company has a market capitalization of $10.43 billion, a P/E ratio of 18.53 and a beta of 1.10. The company’s fifty day moving average is $192.09 and its 200 day moving average is $188.58.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $5,114,000. Heritage Oak Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $264,000. Truist Financial Corp increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.7% during the 2nd quarter. Truist Financial Corp now owns 33,174 shares of the company’s stock worth $6,465,000 after acquiring an additional 882 shares during the period. EP Wealth Advisors LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 7.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,081 shares of the company’s stock worth $405,000 after purchasing an additional 146 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 34.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,053 shares of the company’s stock valued at $2,154,000 after purchasing an additional 2,814 shares in the last quarter.

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.