iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 52-Week High at $197.12

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 $197.12 and last traded at $197.12, with a volume of 444325 shares traded. The stock had previously closed at $194.87.

iShares MSCI USA Momentum Factor ETF Stock Performance

The firm’s 50-day simple moving average is $192.72 and its 200 day simple moving average is $186.85. The company has a market capitalization of $10.70 billion, a PE ratio of 18.53 and a beta of 1.10.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.0% in the first quarter. UMB Bank n.a. now owns 5,971 shares of the company’s stock valued at $1,119,000 after purchasing an additional 58 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 0.8% during the first quarter. Physician Wealth Advisors Inc. now owns 7,927 shares of the company’s stock worth $1,440,000 after buying an additional 60 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,671 shares of the company’s stock worth $262,000 after buying an additional 63 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 13.9% in the first quarter. Bogart Wealth LLC now owns 532 shares of the company’s stock worth $100,000 after buying an additional 65 shares during the last quarter. Finally, First National Bank & Trust Co. of Newtown raised its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% in the first quarter. First National Bank & Trust Co. of Newtown now owns 4,630 shares of the company’s stock valued at $867,000 after acquiring an additional 65 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.