iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 12-Month High – Should You Buy?

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high on Thursday . The company traded as high as $213.32 and last traded at $214.52, with a volume of 1275471 shares. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Price Performance

The firm has a fifty day simple moving average of $211.70 and a 200-day simple moving average of $202.28. The firm has a market cap of $11.61 billion, a P/E ratio of 18.53 and a beta of 1.10.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MTUM. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after purchasing an additional 213,637 shares during the last quarter. Blair William & Co. IL raised its position in iShares MSCI USA Momentum Factor ETF by 1.9% in the 2nd quarter. Blair William & Co. IL now owns 8,068 shares of the company’s stock valued at $1,572,000 after buying an additional 149 shares during the last quarter. Bright Financial Advisors Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $2,759,000. Benjamin F. Edwards & Company Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 407.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock valued at $791,000 after acquiring an additional 3,260 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $604,000.

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.