iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 12-Month High – Time to Buy?

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during trading on Thursday . The stock traded as high as $213.32 and last traded at $214.52, with a volume of 1275471 shares. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Trading Up 4.0 %

The company has a market capitalization of $11.77 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock’s fifty day moving average is $211.85 and its 200 day moving average is $202.52.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of MTUM. High Probability Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 3.5% during the 4th quarter. High Probability Advisors LLC now owns 287,162 shares of the company’s stock valued at $59,419,000 after purchasing an additional 9,675 shares during the period. Yeomans Consulting Group Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 6.3% in the 4th quarter. Yeomans Consulting Group Inc. now owns 87,017 shares of the company’s stock worth $18,006,000 after buying an additional 5,189 shares during the last quarter. Apeiron RIA LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $1,564,000. Veracity Capital LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $247,000. Finally, Madrona Financial Services LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $3,134,000.

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.