iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 52-Week High at $176.42

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) shares reached a new 52-week high on Monday . The stock traded as high as $176.42 and last traded at $175.25, with a volume of 1382637 shares changing hands. The stock had previously closed at $173.58.

iShares MSCI USA Momentum Factor ETF Stock Up 2.1 %

The firm’s 50 day simple moving average is $183.42 and its two-hundred day simple moving average is $164.08. The stock has a market capitalization of $9.83 billion, a P/E ratio of 19.19 and a beta of 1.10.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Crestwood Advisors Group LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 11,222 shares of the company’s stock worth $1,568,000 after acquiring an additional 449 shares in the last quarter. Simplicity Solutions LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $572,000. J.W. Cole Advisors Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 3.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 10,592 shares of the company’s stock worth $1,662,000 after purchasing an additional 317 shares in the last quarter. Brookstone Capital Management grew its position in iShares MSCI USA Momentum Factor ETF by 10.3% in the 4th quarter. Brookstone Capital Management now owns 4,028 shares of the company’s stock worth $632,000 after purchasing an additional 376 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in iShares MSCI USA Momentum Factor ETF by 2.1% in the 3rd quarter. Corient Private Wealth LLC now owns 652,951 shares of the company’s stock worth $91,217,000 after purchasing an additional 13,613 shares in the last quarter.

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.