iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 52-Week High – Here’s What Happened

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during trading on Thursday . The company traded as high as $213.32 and last traded at $214.52, with a volume of 1275471 shares changing hands. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Price Performance

The company’s 50-day simple moving average is $211.85 and its two-hundred day simple moving average is $202.52. The firm has a market capitalization of $11.77 billion, a P/E ratio of 18.53 and a beta of 1.10.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. 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 buying an additional 155 shares during the period. Arizona PSPRS Trust raised its stake 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 acquiring an additional 7,115 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 407.5% during the second 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. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.4% in 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 during the period. Finally, Stonehearth Capital Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.2% in the third quarter. Stonehearth Capital Management LLC now owns 178,494 shares of the company’s stock worth $36,192,000 after purchasing an additional 2,083 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.