iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 1-Year High at $180.39

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $180.39 and last traded at $179.79, with a volume of 537025 shares trading hands. The stock had previously closed at $179.68.

iShares MSCI USA Momentum Factor ETF Price Performance

The stock’s fifty day simple moving average is $183.42 and its 200-day simple moving average is $164.84. The company has a market capitalization of $9.87 billion, a P/E ratio of 19.19 and a beta of 1.10.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

A number of hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.0% during the first quarter. UMB Bank n.a. now owns 5,971 shares of the company’s stock valued at $1,119,000 after acquiring an additional 58 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 0.8% during the first quarter. Physician Wealth Advisors Inc. now owns 7,927 shares of the company’s stock valued at $1,440,000 after acquiring an additional 60 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,671 shares of the company’s stock valued at $262,000 after acquiring an additional 63 shares during the period. Bogart Wealth LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 13.9% during the first quarter. Bogart Wealth LLC now owns 532 shares of the company’s stock valued at $100,000 after acquiring an additional 65 shares during the period. Finally, First National Bank & Trust Co. of Newtown boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% during the first quarter. First National Bank & Trust Co. of Newtown now owns 4,630 shares of the company’s stock valued at $867,000 after acquiring an additional 65 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.