iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 1-Year High – Time to Buy?

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $213.32 and last traded at $213.85, with a volume of 1275471 shares trading hands. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Trading Up 2.3 %

The company has a fifty day simple moving average of $212.86 and a 200-day simple moving average of $203.36. The company has a market capitalization of $11.58 billion, a PE ratio of 18.53 and a beta of 1.10.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Large investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares in the last quarter. Signaturefd LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $43,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares during the last quarter.

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.