iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 52-Week High – Here’s Why

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) shares reached a new 52-week high on Wednesday . The company traded as high as $275.58 and last traded at $275.17, with a volume of 4686 shares. The stock had previously closed at $271.59.

iShares MSCI USA Momentum Factor ETF Stock Up 1.0%

The stock has a market cap of $20.03 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s fifty day moving average is $251.74 and its 200-day moving average is $252.17.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $25,000. Cary Street Partners Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Eagle Bay Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the last quarter.

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.