iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 12-Month High – Here’s What Happened

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s share price hit a new 52-week high on Monday . The stock traded as high as $213.32 and last traded at $218.25, with a volume of 1275471 shares changing hands. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Stock Up 1.8 %

The firm has a 50 day moving average price of $217.33 and a two-hundred day moving average price of $209.47. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in MTUM. Duncker Streett & Co. Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $30,000. Mainstream Capital Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $31,000. Sunbelt Securities Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 465.5% in the 4th quarter. Sunbelt Securities Inc. now owns 164 shares of the company’s stock worth $34,000 after acquiring an additional 135 shares in the last quarter. Finally, Operose Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 48.0% in the 4th quarter. Operose Advisors LLC now owns 188 shares of the company’s stock valued at $39,000 after acquiring an additional 61 shares during the last quarter.

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.