iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 1-Year High – Here’s Why

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $213.32 and last traded at $215.85, with a volume of 1275471 shares traded. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Trading Up 5.5 %

The business has a 50 day moving average price of $213.49 and a 200-day moving average price of $204.20. The firm has a market capitalization of $11.94 billion, a PE 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 the stock. Park Avenue Securities LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 1,055.4% during the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after purchasing an additional 463,387 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 140.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock worth $87,961,000 after buying an additional 248,600 shares in the last quarter. Citigroup Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 1,266.9% in the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after acquiring an additional 234,524 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 245.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock valued at $46,564,000 after acquiring an additional 159,916 shares in the last quarter. Finally, JB Capital LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $32,997,000.

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.