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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high on Tuesday . The stock traded as high as $213.32 and last traded at $229.08, with a volume of 1275471 shares changing hands. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Stock Up 9.4 %

The firm has a market cap of $12.38 billion, a PE ratio of 18.53 and a beta of 1.10. The firm has a 50-day moving average price of $215.19 and a two-hundred day moving average price of $206.49.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MTUM. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 58.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock valued at $2,608,970,000 after acquiring an additional 4,651,707 shares in the last quarter. Raymond James Financial Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $574,824,000. LPL Financial LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 215.4% during the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after buying an additional 1,334,851 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares MSCI USA Momentum Factor ETF by 204.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock worth $233,427,000 after buying an additional 758,024 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 5,196.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock worth $142,658,000 after buying an additional 676,419 shares in the last quarter.

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.