iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 12-Month High at $146.85

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high on Monday . The stock traded as high as $146.85 and last traded at $146.72, with a volume of 378751 shares traded. The stock had previously closed at $145.88.

iShares MSCI USA Momentum Factor ETF Trading Up 0.6 %

The company has a 50-day moving average price of $144.99 and a two-hundred day moving average price of $141.61. The stock has a market capitalization of $9.13 billion, a P/E ratio of 19.35 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 447.9% in the 1st quarter. Bessemer Group Inc. now owns 1,167 shares of the company’s stock worth $162,000 after acquiring an additional 954 shares in the last quarter. Opes Wealth Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 0.6% during the 1st quarter. Opes Wealth Management LLC now owns 43,461 shares of the company’s stock valued at $6,043,000 after purchasing an additional 265 shares during the last quarter. TimeScale Financial Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $26,000. Cabot Wealth Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $224,000. Finally, Capital Planning LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 14.8% during the 1st quarter. Capital Planning LLC now owns 35,611 shares of the company’s stock valued at $4,951,000 after purchasing an additional 4,603 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.