iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 1-Year High – Here’s What Happened

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high on Monday . The stock traded as high as $214.98 and last traded at $215.92, with a volume of 992909 shares trading hands. The stock had previously closed at $214.29.

iShares MSCI USA Momentum Factor ETF Stock Performance

The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The stock’s fifty day moving average is $210.07 and its two-hundred day moving average is $199.58.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Large investors have recently modified their holdings of the business. Fortitude Family Office LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after buying an additional 113 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $33,000. Signaturefd LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $43,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $48,000.

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.