iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 1-Year High at $176.42

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during trading on Monday . The company traded as high as $176.42 and last traded at $175.25, with a volume of 1382637 shares changing hands. The stock had previously closed at $173.58.

iShares MSCI USA Momentum Factor ETF Trading Up 1.0 %

The stock has a market cap of $9.62 billion, a P/E ratio of 19.19 and a beta of 1.10. The stock’s fifty day moving average price is $183.38 and its 200 day moving average price is $163.55.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

A number of hedge funds have recently modified their holdings of MTUM. Able Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $28,000. Woodmont Investment Counsel LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $28,000. GAMMA Investing LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $29,000. Baker Avenue Asset Management LP boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 46.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after buying an additional 89 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 281.5% in the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock worth $39,000 after purchasing an additional 183 shares during 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.