iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 1-Year High – What’s Next?

iShares MSCI USA Momentum Factor ETF (BATS:MTUMGet Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $213.32 and last traded at $215.85, with a volume of 1275471 shares changing hands. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Trading Up 4.6 %

The stock has a market capitalization of $11.83 billion, a PE ratio of 18.53 and a beta of 1.10. The company’s 50-day moving average is $213.40 and its 200 day moving average is $204.01.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

A number of institutional investors have recently bought and sold shares of the business. Gries Financial LLC raised its position in iShares MSCI USA Momentum Factor ETF by 1.6% during the 4th quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock worth $634,000 after buying an additional 48 shares during the last quarter. LongView Wealth Management grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the 4th quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after purchasing an additional 54 shares during the period. MGB Wealth Management LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.7% during the 4th quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock worth $163,000 after purchasing an additional 56 shares during the period. D.A. Davidson & CO. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.8% during the 4th quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock worth $1,551,000 after purchasing an additional 57 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.8% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock worth $224,000 after purchasing an additional 59 shares during the period.

About iShares MSCI USA Momentum Factor ETF

(Get Free Report)

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.

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