iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 12-Month High – Still a Buy?

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 trading hands. The stock had previously closed at $214.91.

iShares MSCI USA Momentum Factor ETF Trading Down 0.2 %

The firm has a market capitalization of $11.61 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock’s 50-day simple moving average is $206.00 and its 200-day simple moving average is $196.74.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTUM. MinichMacGregor Wealth Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock valued at $340,000 after acquiring an additional 63 shares during the last quarter. GDS Wealth Management grew its stake in iShares MSCI USA Momentum Factor ETF by 3.2% in the 3rd quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock worth $426,000 after buying an additional 65 shares in the last quarter. Tyche Wealth Partners LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.7% in the 3rd quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock worth $514,000 after buying an additional 66 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 0.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,140 shares of the company’s stock valued at $2,259,000 after buying an additional 66 shares in the last quarter. Finally, Eagle Strategies LLC grew its position in iShares MSCI USA Momentum Factor ETF by 2.6% in the third quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock worth $613,000 after acquiring an additional 77 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.