iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Sets New 1-Year High at $197.41

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $197.41 and last traded at $197.27, with a volume of 543701 shares changing hands. The stock had previously closed at $196.76.

iShares MSCI USA Momentum Factor ETF Stock Down 0.3 %

The business has a 50-day simple moving average of $191.68 and a 200-day simple moving average of $189.11. The company has a market cap of $10.64 billion, a PE ratio of 18.53 and a beta of 1.10.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several hedge funds have recently bought and sold shares of MTUM. First Personal Financial Services acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $27,000. Able Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $28,000. Woodmont Investment Counsel LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $28,000. GAMMA Investing LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $29,000. Finally, Abich Financial Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at approximately $33,000.

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.