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

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high on Monday . The stock traded as high as $208.00 and last traded at $206.51, with a volume of 403136 shares traded. The stock had previously closed at $205.74.

iShares MSCI USA Momentum Factor ETF Stock Down 0.6 %

The business has a 50-day simple moving average of $200.54 and a 200-day simple moving average of $192.94. The company has a market cap of $11.11 billion, a PE ratio of 18.53 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MTUM. Fortitude Family Office LLC grew its position 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 valued at $25,000 after purchasing an additional 113 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $28,000. Abich Financial Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $33,000. Signaturefd LLC boosted 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 acquiring an additional 155 shares during the period. Finally, Wellington Shields & Co. LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $42,000.

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.