iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 12-Month High – Should You Buy?

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s stock price reached a new 52-week high on Monday . The stock traded as high as $207.41 and last traded at $208.93, with a volume of 343922 shares trading hands. The stock had previously closed at $207.36.

iShares MSCI USA Momentum Factor ETF Stock Up 0.8 %

The firm has a 50-day moving average of $196.86 and a two-hundred day moving average of $191.43. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

A number of large investors have recently made changes to their positions in MTUM. Woodmont Investment Counsel LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $28,000. GAMMA Investing LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth $29,000. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $33,000. Wellington Shields & Co. LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at $42,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $48,000.

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.