iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 52-Week High – What’s Next?

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s share price reached a new 52-week high on Monday . The stock traded as high as $214.98 and last traded at $215.92, with a volume of 992909 shares traded. The stock had previously closed at $214.29.

iShares MSCI USA Momentum Factor ETF Price Performance

The stock has a market cap of $11.52 billion, a P/E ratio of 18.53 and a beta of 1.10. The firm’s fifty day moving average price is $210.65 and its two-hundred day moving average price is $200.06.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Institutional investors have recently added to or reduced their stakes in the business. MinichMacGregor Wealth Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the third quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after purchasing 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 grew its stake in 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 in the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.6% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,140 shares of the company’s stock worth $2,259,000 after buying an additional 66 shares during the last quarter. Finally, Eagle Strategies LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock valued at $613,000 after buying an additional 77 shares in 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.