iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 52-Week High – Time to Buy?

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

iShares MSCI USA Momentum Factor ETF Stock Performance

The business has a 50 day simple moving average of $216.18 and a 200-day simple moving average of $207.29. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

Several institutional investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after acquiring an additional 188 shares in the last quarter. AdvisorNet Financial Inc grew its position in iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares in the last quarter. Signaturefd LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 17.9% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock worth $275,000 after buying an additional 202 shares in the last quarter. Finally, Arizona PSPRS Trust boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.0% in the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after buying an additional 7,115 shares during the last quarter.

About iShares MSCI USA Momentum Factor ETF

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.