iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 52-Week High at $186.39

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s stock price hit a new 52-week high on Monday . The company traded as high as $186.39 and last traded at $185.14, with a volume of 501532 shares traded. The stock had previously closed at $184.65.

iShares MSCI USA Momentum Factor ETF Price Performance

The firm has a market capitalization of $10.33 billion, a P/E ratio of 18.53 and a beta of 1.10. The firm’s fifty day moving average price is $192.16 and its 200-day moving average price is $185.89.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after buying an additional 229,231 shares during the period. Sculati Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $201,000. Traction Financial Partners LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $323,000. Franklin Resources Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 38.3% in the 4th quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock valued at $9,406,000 after acquiring an additional 16,611 shares in the last quarter. Finally, Simplicity Solutions LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $572,000.

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.