iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Hits New 12-Month 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 Monday . The company traded as high as $213.32 and last traded at $218.60, with a volume of 1275471 shares trading hands. The stock had previously closed at $208.99.

iShares MSCI USA Momentum Factor ETF Price Performance

The firm has a market cap of $11.79 billion, a PE ratio of 18.53 and a beta of 1.10. The business’s fifty day moving average is $216.56 and its 200-day moving average is $207.93.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several large investors have recently modified their holdings of MTUM. Envestnet Asset Management Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 58.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock valued at $2,608,970,000 after buying an additional 4,651,707 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $574,824,000. LPL Financial LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 215.4% in the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after purchasing an additional 1,334,851 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 204.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock worth $233,427,000 after buying an additional 758,024 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5,196.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock worth $142,658,000 after purchasing an additional 676,419 shares during the period.

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.