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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during trading on Monday . The stock traded as high as $214.83 and last traded at $213.65, with a volume of 1426263 shares traded. The stock had previously closed at $213.84.

iShares MSCI USA Momentum Factor ETF Stock Performance

The stock’s 50-day moving average price is $202.85 and its two-hundred day moving average price is $195.00. The stock has a market capitalization of $11.48 billion, a PE ratio of 18.53 and a beta of 1.10.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after acquiring an additional 113 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at $33,000. Signaturefd LLC grew its holdings 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 valued at $33,000 after purchasing an additional 155 shares in the last quarter. Wellington Shields & Co. LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at $42,000. Finally, Capital Performance Advisors LLP purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $43,000.

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.