iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 52-Week High at $169.05

iShares MSCI USA Momentum Factor ETF (BATS:MTUMGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $169.05 and last traded at $169.02, with a volume of 267924 shares traded. The stock had previously closed at $167.15.

iShares MSCI USA Momentum Factor ETF Stock Down 0.2 %

The company has a market cap of $10.49 billion, a price-to-earnings ratio of 19.35 and a beta of 0.91. The firm has a 50-day simple moving average of $156.39 and a 200 day simple moving average of $148.14.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 4.2% during the third quarter. Envestnet Asset Management Inc. now owns 6,913,845 shares of the company’s stock worth $965,864,000 after buying an additional 277,017 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock valued at $914,424,000 after purchasing an additional 317,802 shares during the period. Raymond James & Associates increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.2% in the second quarter. Raymond James & Associates now owns 2,919,685 shares of the company’s stock valued at $421,165,000 after purchasing an additional 89,212 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,207,387 shares of the company’s stock valued at $318,416,000 after purchasing an additional 61,382 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the second quarter. Captrust Financial Advisors now owns 2,095,316 shares of the company’s stock valued at $302,249,000 after purchasing an additional 181,540 shares during the period.

iShares MSCI USA Momentum Factor ETF Company Profile

(Get Free Report)

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.

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