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

by · The Cerbat Gem

iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $214.83 and last traded at $213.65, with a volume of 1426263 shares. The stock had previously closed at $213.84.

iShares MSCI USA Momentum Factor ETF Trading Down 0.1 %

The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The company has a fifty day simple moving average of $202.10 and a 200-day simple moving average of $194.51.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the third quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after buying an additional 63 shares during the period. GDS Wealth Management lifted its stake in iShares MSCI USA Momentum Factor ETF by 3.2% in the 3rd quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock worth $426,000 after acquiring an additional 65 shares in the last quarter. Tyche Wealth Partners LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 2.7% during the 3rd quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock worth $514,000 after acquiring an additional 66 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 0.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,140 shares of the company’s stock valued at $2,259,000 after acquiring an additional 66 shares in the last quarter. Finally, Eagle Strategies LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock valued at $613,000 after purchasing an additional 77 shares during the period.

iShares MSCI USA Momentum Factor ETF Company Profile

(Get Free Report)

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.

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