iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 52-Week High – Here’s What Happened

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high on Tuesday . The company traded as high as $310.26 and last traded at $310.25, with a volume of 113938 shares. The stock had previously closed at $303.60.

iShares MSCI USA Momentum Factor ETF Price Performance

The firm has a 50 day moving average price of $273.25 and a 200-day moving average price of $259.16. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $271,000. Wellington Grp LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 677.1% in the 1st quarter. Wellington Grp LLC now owns 373 shares of the company’s stock valued at $90,000 after acquiring an additional 325 shares in the last quarter. Western Wealth Management LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 26.4% during the 1st quarter. Western Wealth Management LLC now owns 18,263 shares of the company’s stock worth $4,383,000 after acquiring an additional 3,810 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 20.9% during the 1st quarter. Centaurus Financial Inc. now owns 48,550 shares of the company’s stock worth $11,651,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $1,949,000.

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.