iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) shares are set to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 4th.
iShares MSCI USA Momentum Factor ETF Trading Up 1.7%
MTUM stock opened at $299.53 on Wednesday. The company has a market capitalization of $21.87 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The firm’s 50-day moving average is $307.18 and its two-hundred day moving average is $289.21.
Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF
Large investors have recently modified their holdings of the stock. YANKCOM Partnership purchased a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $31,000. Fairway Wealth LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $36,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $26,000. Indiana Trust & Investment Management Co acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $26,000. Finally, Morling Financial Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $50,000.
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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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