iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 12-Month High – Here’s What Happened

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) shares hit a new 52-week high during trading on Monday . The company traded as high as $217.07 and last traded at $214.87, with a volume of 882116 shares traded. The stock had previously closed at $216.52.

iShares MSCI USA Momentum Factor ETF Stock Down 0.8 %

The stock has a 50 day simple moving average of $207.70 and a 200 day simple moving average of $197.81. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MTUM. Fortitude Family Office LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after acquiring an additional 113 shares in the last quarter. Signaturefd LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth about $33,000. Capital Performance Advisors LLP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth about $43,000. Finally, JDM Financial Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth about $50,000.

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.