iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 12-Month High – Here’s What Happened

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $217.07 and last traded at $214.87, with a volume of 882116 shares changing hands. The stock had previously closed at $216.52.

iShares MSCI USA Momentum Factor ETF Price Performance

The firm has a market cap of $11.64 billion, a PE ratio of 18.53 and a beta of 1.10. The stock has a 50-day moving average price of $207.70 and a 200 day moving average price of $197.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTUM. Comerica Bank boosted its holdings in iShares MSCI USA Momentum Factor ETF by 15.7% in the first quarter. Comerica Bank now owns 19,273 shares of the company’s stock valued at $3,611,000 after acquiring an additional 2,617 shares during the last quarter. Cetera Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 138.8% in the first quarter. Cetera Advisors LLC now owns 25,551 shares of the company’s stock valued at $4,787,000 after acquiring an additional 14,851 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 9.4% in the second quarter. Park Avenue Securities LLC now owns 45,970 shares of the company’s stock valued at $8,958,000 after acquiring an additional 3,954 shares during the last quarter. Apella Capital LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 0.3% in the second quarter. Apella Capital LLC now owns 318,690 shares of the company’s stock valued at $63,725,000 after acquiring an additional 944 shares during the last quarter. Finally, Sweeney & Michel LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 2.6% in the second quarter. Sweeney & Michel LLC now owns 10,688 shares of the company’s stock valued at $2,137,000 after acquiring an additional 273 shares during the last quarter.

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.