iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 12-Month High – Should You Buy?

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s share price reached a new 52-week high on Monday . The stock traded as high as $207.41 and last traded at $208.93, with a volume of 343922 shares. The stock had previously closed at $207.36.

iShares MSCI USA Momentum Factor ETF Stock Up 0.8 %

The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The stock’s fifty day moving average is $196.86 and its 200-day moving average is $191.43.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its stake in iShares MSCI USA Momentum Factor ETF by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after buying an additional 213,637 shares during the period. Blue Trust Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 20.1% in the first quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock worth $232,257,000 after acquiring an additional 207,306 shares in the last quarter. Symmetry Partners LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 62.7% during the second quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after purchasing an additional 208,691 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 6.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 390,151 shares of the company’s stock valued at $76,029,000 after purchasing an additional 22,091 shares in the last quarter. Finally, Arizona PSPRS Trust acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at approximately $69,276,000.

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.