iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 12-Month High – Here’s What Happened

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $281.51 and last traded at $280.75, with a volume of 559471 shares changing hands. The stock had previously closed at $280.90.

iShares MSCI USA Momentum Factor ETF Trading Down 0.1%

The company has a market capitalization of $20.49 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm has a 50-day moving average price of $253.84 and a 200-day moving average price of $252.83.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Hedge funds have recently modified their holdings of the stock. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $25,000. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares during the last quarter.

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