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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during trading on Monday . The stock traded as high as $344.44 and last traded at $343.92, with a volume of 69083 shares. The stock had previously closed at $338.52.

iShares MSCI USA Momentum Factor ETF Stock Performance

The firm has a market capitalization of $24.99 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business has a fifty day moving average of $299.59 and a two-hundred day moving average of $268.29.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of MTUM. Dagco Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $25,000. Cary Street Partners Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Eagle Bay Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC increased its position in iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after buying an additional 67 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.