iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 1-Year High at $195.70

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $195.70 and last traded at $195.18, with a volume of 448910 shares traded. The stock had previously closed at $194.87.

iShares MSCI USA Momentum Factor ETF Trading Up 0.2 %

The stock’s 50-day moving average price is $187.75 and its 200-day moving average price is $178.50. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

A number of institutional investors have recently bought and sold shares of MTUM. Envestnet Asset Management Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after purchasing an additional 229,231 shares during the period. Crestwood Advisors Group LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 11,222 shares of the company’s stock worth $1,568,000 after buying an additional 449 shares in the last quarter. Sculati Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $201,000. Traction Financial Partners LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $323,000. Finally, Franklin Resources Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 38.3% during the 4th quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock valued at $9,406,000 after acquiring an additional 16,611 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.