iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 52-Week High at $197.12

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $197.12 and last traded at $197.12, with a volume of 444325 shares traded. The stock had previously closed at $194.87.

iShares MSCI USA Momentum Factor ETF Stock Performance

The stock has a fifty day moving average price of $192.72 and a 200-day moving average price of $186.85. The firm has a market cap of $10.70 billion, a PE ratio of 18.53 and a beta of 1.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after acquiring an additional 229,231 shares in the last quarter. Sculati Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $201,000. Traction Financial Partners LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $323,000. Franklin Resources Inc. boosted its stake 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 buying an additional 16,611 shares during the last quarter. Finally, TSA Wealth Managment LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $301,000.

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.