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

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high on Monday . The company traded as high as $334.00 and last traded at $333.71, with a volume of 113846 shares changing hands. The stock had previously closed at $324.40.

iShares MSCI USA Momentum Factor ETF Price Performance

The firm has a market cap of $23.80 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50-day moving average price of $294.61 and a two-hundred day moving average price of $266.46.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Braun Bostich & Associates Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 63.4% during the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after purchasing an additional 4,463 shares in the last quarter. BCGM Wealth Management LLC increased its position in iShares MSCI USA Momentum Factor ETF by 45.0% during the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after purchasing an additional 7,960 shares in the last quarter. Cypress Wealth Services LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 63.6% in the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after buying an additional 5,740 shares during the period. Flagship Capital Management Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $1,779,000. Finally, Assetmark Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after buying an additional 37,278 shares during the period.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.