iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Reaches New 52-Week High – Still a Buy?

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

iShares MSCI USA Momentum Factor ETF Stock Performance

The firm has a market capitalization of $20.75 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s 50 day simple moving average is $255.43 and its 200-day simple moving average is $253.38.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Several institutional investors and hedge funds have recently bought and sold shares of MTUM. Corient Private Wealth LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after buying an additional 1,332,181 shares in the last quarter. Focus Partners Wealth raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% during the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after buying an additional 896,644 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after buying an additional 652,414 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after buying an additional 280,192 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after buying an additional 256,639 shares in 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.