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

Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) reached a new 52-week high on Monday . The company traded as high as $287.18 and last traded at $286.51, with a volume of 90503 shares changing hands. The stock had previously closed at $285.09.

iShares MSCI USA Momentum Factor ETF Stock Up 2.8%

The business has a fifty day simple moving average of $257.15 and a two-hundred day simple moving average of $253.96. The company has a market cap of $21.84 billion, a P/E ratio of 28.67 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Dorsey Wright & Associates lifted its holdings in iShares MSCI USA Momentum Factor ETF by 147.8% in the first quarter. Dorsey Wright & Associates now owns 29,213 shares of the company’s stock valued at $7,011,000 after acquiring an additional 17,426 shares during the period. Quadrant Private Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 12.1% in the first quarter. Quadrant Private Wealth Management LLC now owns 17,795 shares of the company’s stock valued at $4,271,000 after acquiring an additional 1,915 shares during the period. Cornerstone Planning Group LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 44.8% in the first quarter. Cornerstone Planning Group LLC now owns 10,522 shares of the company’s stock valued at $2,525,000 after acquiring an additional 3,256 shares during the period. Modera Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.4% in the first quarter. Modera Wealth Management LLC now owns 4,207 shares of the company’s stock valued at $1,010,000 after acquiring an additional 98 shares during the period. Finally, Fiscal Wisdom Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $251,000.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.