iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 12-Month High – Here’s What Happened

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $213.32 and last traded at $229.08, with a volume of 1275471 shares traded. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Stock Up 9.4 %

The stock has a market cap of $12.38 billion, a PE ratio of 18.53 and a beta of 1.10. The stock has a 50-day moving average of $215.19 and a 200 day moving average of $206.49.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares during the period. AdvisorNet Financial Inc raised its position in iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares during the period. Signaturefd LLC raised its position in 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 valued at $33,000 after purchasing an additional 155 shares during the period. Kingsview Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF by 17.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock valued at $275,000 after purchasing an additional 202 shares during the period. Finally, Arizona PSPRS Trust raised its position in iShares MSCI USA Momentum Factor ETF by 2.0% in the third quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock valued at $73,523,000 after purchasing an additional 7,115 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.