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

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

iShares MSCI USA Momentum Factor ETF Stock Down 0.5 %

The business’s fifty day moving average is $207.10 and its 200-day moving average is $197.31. The company has a market cap of $11.66 billion, a PE ratio of 18.53 and a beta of 1.10.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

A number of hedge funds have recently modified their holdings of the business. Signaturefd LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during 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. Benjamin F. Edwards & Company Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 407.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock valued at $791,000 after purchasing an additional 3,260 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 8.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 126,486 shares of the company’s stock valued at $23,697,000 after purchasing an additional 10,257 shares during the last quarter. Unison Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 8.2% in the 2nd quarter. Unison Advisors LLC now owns 22,170 shares of the company’s stock worth $4,320,000 after purchasing an additional 1,688 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after purchasing an additional 213,637 shares during the last quarter.

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.