iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 52-Week High – Here’s Why

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) shares hit a new 52-week high during trading on Monday . The stock traded as high as $213.32 and last traded at $226.00, with a volume of 1275471 shares. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Stock Performance

The firm has a market capitalization of $12.23 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock has a fifty day moving average price of $214.13 and a two-hundred day moving average price of $205.10.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC grew its position in shares of 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 valued at $25,000 after buying an additional 113 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $25,000. Mainstream Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $31,000. Signaturefd LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after buying an additional 155 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after acquiring an additional 188 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.