iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 52-Week High at $185.93

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high during trading on Monday . The stock traded as high as $185.93 and last traded at $180.77, with a volume of 1192131 shares. The stock had previously closed at $183.90.

iShares MSCI USA Momentum Factor ETF Stock Down 1.4 %

The firm has a 50 day moving average of $183.36 and a 200 day moving average of $162.74. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 19.19 and a beta of 1.10.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

A number of hedge funds have recently added to or reduced their stakes in MTUM. Captrust Financial Advisors lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,777.3% in the fourth quarter. Captrust Financial Advisors now owns 1,744,129 shares of the company’s stock valued at $254,521,000 after purchasing an additional 1,651,221 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in iShares MSCI USA Momentum Factor ETF by 7.8% during the first quarter. Mercer Global Advisors Inc. ADV now owns 5,770,484 shares of the company’s stock worth $802,328,000 after buying an additional 416,979 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 4.2% during the third quarter. Envestnet Asset Management Inc. now owns 6,913,845 shares of the company’s stock worth $965,864,000 after buying an additional 277,017 shares in the last quarter. BlackRock Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 17.7% during the second quarter. BlackRock Inc. now owns 1,256,689 shares of the company’s stock worth $181,277,000 after purchasing an additional 188,883 shares during the last quarter. Finally, Invst LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $24,213,000.

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.