iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 52-Week High – Still a Buy?

iShares MSCI USA Momentum Factor ETF (BATS:MTUMGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $213.32 and last traded at $226.00, with a volume of 1275471 shares traded. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Trading Up 8.1 %

The firm’s fifty day moving average price is $214.37 and its 200-day moving average price is $205.39. The company has a market cap of $12.23 billion, a P/E ratio of 18.53 and a beta of 1.10.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gries Financial LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.6% in the 4th quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock worth $634,000 after acquiring an additional 48 shares during the period. LongView Wealth Management lifted its position in iShares MSCI USA Momentum Factor ETF by 2.0% in the fourth quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after purchasing an additional 54 shares during the period. MGB Wealth Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 7.7% during the fourth quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock worth $163,000 after buying an additional 56 shares in the last quarter. D.A. Davidson & CO. increased its holdings in iShares MSCI USA Momentum Factor ETF by 0.8% in the 4th quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock valued at $1,551,000 after buying an additional 57 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock valued at $224,000 after buying an additional 59 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Company Profile

(Get Free Report)

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.

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