iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 12-Month High – Still a Buy?

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $213.32 and last traded at $220.73, with a volume of 1275471 shares changing hands. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Trading Up 7.0 %

The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The company’s 50 day moving average is $212.29 and its 200-day moving average is $203.02.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after acquiring an additional 188 shares during the period. AdvisorNet Financial Inc raised its position in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares during the period. Signaturefd LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after buying an additional 155 shares during the last quarter. Arizona PSPRS Trust boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after buying an additional 7,115 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in iShares MSCI USA Momentum Factor ETF by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock valued at $39,586,000 after buying an additional 4,802 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.