iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report)’s stock is set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Wednesday, November 4th.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of MTUM opened at $284.10 on Friday. The company’s 50 day moving average price is $306.44 and its 200 day moving average price is $289.79. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The company has a market capitalization of $20.74 billion, a PE ratio of 28.67 and a beta of 1.02.
Institutional Trading of iShares MSCI USA Momentum Factor ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. YANKCOM Partnership bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $31,000. Fairway Wealth LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $36,000. Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Indiana Trust & Investment Management Co bought a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Finally, Morling Financial Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $50,000.
About iShares MSCI USA Momentum Factor ETF
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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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