iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 12-Month High – Time to Buy?

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during trading on Monday . The company traded as high as $214.98 and last traded at $215.92, with a volume of 992909 shares traded. The stock had previously closed at $214.29.

iShares MSCI USA Momentum Factor ETF Price Performance

The business’s 50 day moving average is $210.07 and its 200 day moving average is $199.58. The stock has a market cap of $11.70 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 bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the period. Arizona PSPRS Trust boosted its position in iShares MSCI USA Momentum Factor ETF by 2.0% during the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after purchasing an additional 7,115 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 407.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock valued at $791,000 after purchasing an additional 3,260 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after purchasing an additional 213,637 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock worth $39,586,000 after purchasing an additional 4,802 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.