iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 52-Week High at $201.57

iShares MSCI USA Momentum Factor ETF (BATS:MTUM)’s share price reached a new 52-week high on Monday . The stock traded as high as $201.57 and last traded at $202.67, with a volume of 318490 shares changing hands. The stock had previously closed at $201.57.

iShares MSCI USA Momentum Factor ETF Price Performance

The firm has a 50-day moving average price of $191.76 and a 200 day moving average price of $189.34. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

A number of institutional investors have recently modified their holdings of MTUM. Aveo Capital Partners LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $281,000. Franklin Resources Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 38.3% in the fourth quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock worth $9,406,000 after acquiring an additional 16,611 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 18.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 30,899 shares of the company’s stock valued at $4,828,000 after acquiring an additional 4,822 shares in the last quarter. Sculati Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $201,000. Finally, Stifel Financial Corp grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 12.3% during the 4th quarter. Stifel Financial Corp now owns 57,521 shares of the company’s stock worth $9,026,000 after purchasing an additional 6,299 shares during the period.

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.