iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $201.07 and last traded at $200.30, with a volume of 648430 shares traded. The stock had previously closed at $199.33.
iShares MSCI USA Momentum Factor ETF Price Performance
The stock has a market capitalization of $10.85 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock’s fifty day moving average is $191.87 and its 200-day moving average is $181.49.
Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF
A number of hedge funds have recently bought and sold shares of the company. Unison Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 8.2% during the second quarter. Unison Advisors LLC now owns 22,170 shares of the company’s stock valued at $4,320,000 after acquiring an additional 1,688 shares during the period. LPF Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $259,000. Gleason Group Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $63,000. QRG Capital Management Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 127.5% during the second quarter. QRG Capital Management Inc. now owns 3,993 shares of the company’s stock valued at $778,000 after acquiring an additional 2,238 shares during the period. Finally, Lion Street Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 5.3% during the second quarter. Lion Street Advisors LLC now owns 2,062 shares of the company’s stock valued at $402,000 after acquiring an additional 103 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.
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