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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s share price hit a new 52-week high on Monday . The stock traded as high as $209.78 and last traded at $209.46, with a volume of 654504 shares. The stock had previously closed at $208.41.

iShares MSCI USA Momentum Factor ETF Stock Up 0.3 %

The company has a market cap of $11.46 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The company’s fifty day moving average price is $204.93 and its two-hundred day moving average price is $196.13.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTUM. Signaturefd LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 407.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock worth $791,000 after buying an additional 3,260 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 8.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 126,486 shares of the company’s stock worth $23,697,000 after buying an additional 10,257 shares in the last quarter. Unison Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 8.2% in the 2nd quarter. Unison Advisors LLC now owns 22,170 shares of the company’s stock valued at $4,320,000 after buying an additional 1,688 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after buying an additional 213,637 shares during the period.

About iShares MSCI USA Momentum Factor ETF

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.