iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 52-Week High – Time to Buy?

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high during trading on Monday . The stock traded as high as $216.23 and last traded at $214.45, with a volume of 936524 shares trading hands. The stock had previously closed at $214.91.

iShares MSCI USA Momentum Factor ETF Stock Down 0.5 %

The stock’s 50 day moving average price is $207.10 and its two-hundred day moving average price is $197.31. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

A number of hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC grew its position in iShares MSCI USA Momentum Factor ETF by 215.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,087 shares of the company’s stock valued at $391,000 after buying an additional 1,426 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 38.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,239 shares of the company’s stock valued at $1,544,000 after purchasing an additional 2,285 shares in the last quarter. Jane Street Group LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 484.5% in the 1st quarter. Jane Street Group LLC now owns 126,920 shares of the company’s stock valued at $23,778,000 after purchasing an additional 105,207 shares in the last quarter. Comerica Bank boosted its position in iShares MSCI USA Momentum Factor ETF by 15.7% during the first quarter. Comerica Bank now owns 19,273 shares of the company’s stock worth $3,611,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Vima LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,561.3% in the first quarter. Vima LLC now owns 1,030 shares of the company’s stock valued at $193,000 after purchasing an additional 968 shares during the period.

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.