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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $270.33 and last traded at $270.33, with a volume of 685427 shares trading hands. The stock had previously closed at $266.05.

iShares MSCI USA Momentum Factor ETF Stock Up 1.6%

The firm has a market cap of $19.73 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s fifty day moving average price is $249.68 and its two-hundred day moving average price is $251.59.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caprock Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $3,283,000. Acropolis Investment Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after purchasing an additional 5,813 shares during the period. Strategic Blueprint LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 18.9% in the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after purchasing an additional 4,790 shares during the period. Braun Bostich & Associates Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after purchasing an additional 4,463 shares during the period. Finally, Beacon Financial Group lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 11.0% in the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after purchasing an additional 2,203 shares during the period.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.