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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $213.32 and last traded at $220.73, with a volume of 1275471 shares traded. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Stock Up 5.6 %

The firm’s 50 day simple moving average is $211.92 and its 200-day simple moving average is $202.73. The company has a market capitalization of $11.95 billion, a PE ratio of 18.53 and a beta of 1.10.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Several large investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.9% in the second quarter. Blair William & Co. IL now owns 8,068 shares of the company’s stock worth $1,572,000 after buying an additional 149 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 407.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock worth $791,000 after acquiring an additional 3,260 shares during the period. Bank of Montreal Can boosted its holdings in iShares MSCI USA Momentum Factor ETF by 91.7% in the 2nd quarter. Bank of Montreal Can now owns 2,573 shares of the company’s stock worth $502,000 after acquiring an additional 1,231 shares during the period. Marshall Wace LLP grew its position in iShares MSCI USA Momentum Factor ETF by 253.6% in the second quarter. Marshall Wace LLP now owns 24,753 shares of the company’s stock valued at $4,824,000 after acquiring an additional 17,753 shares in the last quarter. Finally, Kingfisher Capital LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $402,000.

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.