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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s share price reached a new 52-week high on Monday . The company traded as high as $203.95 and last traded at $202.29, with a volume of 463149 shares trading hands. The stock had previously closed at $203.76.

iShares MSCI USA Momentum Factor ETF Trading Up 0.8 %

The stock’s 50-day moving average price is $194.37 and its two-hundred day moving average price is $190.76. The stock has a market capitalization of $11.15 billion, a P/E ratio of 18.53 and a beta of 1.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Regal Investment Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 45.5% during the 4th quarter. Regal Investment Advisors LLC now owns 2,358 shares of the company’s stock valued at $370,000 after buying an additional 737 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $408,000. Gallagher Fiduciary Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 60.8% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 28,404 shares of the company’s stock valued at $4,456,000 after acquiring an additional 10,735 shares in the last quarter. Aspect Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $694,000. Finally, Harbour Investments Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 1.6% in the fourth quarter. Harbour Investments Inc. now owns 37,476 shares of the company’s stock worth $5,880,000 after acquiring an additional 605 shares during the period.

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.