iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $275.58 and last traded at $275.17, with a volume of 4686 shares trading hands. The stock had previously closed at $271.59.
iShares MSCI USA Momentum Factor ETF Stock Down 0.0%
The firm’s 50-day moving average is $252.67 and its 200-day moving average is $252.50. The company has a market cap of $20.14 billion, a PE ratio of 28.67 and a beta of 1.02.
Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of MTUM. Bison Wealth LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth about $2,488,000. Russell Investments Group Ltd. grew its holdings in iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after purchasing an additional 128 shares during the period. First Trust Advisors LP purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter worth about $350,000. Finally, Qube Research & Technologies Ltd grew its holdings in iShares MSCI USA Momentum Factor ETF by 543.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after purchasing an additional 107,665 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.
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