iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 1-Year High – Time to Buy?

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $214.98 and last traded at $215.92, with a volume of 992909 shares. The stock had previously closed at $214.29.

iShares MSCI USA Momentum Factor ETF Stock Performance

The company has a market cap of $11.52 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock has a 50-day moving average of $210.65 and a two-hundred day moving average of $200.06.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.9% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after acquiring an additional 63 shares during the last quarter. GDS Wealth Management boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.2% during the third quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock worth $426,000 after purchasing an additional 65 shares during the period. Tyche Wealth Partners LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.7% in the third quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock worth $514,000 after purchasing an additional 66 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 0.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,140 shares of the company’s stock valued at $2,259,000 after purchasing an additional 66 shares during the period. Finally, Eagle Strategies LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock valued at $613,000 after purchasing an additional 77 shares during the period.

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.