MTUM Stock Summary and Trading Ideas (iShares MSCI USA Momentum Factor ETF | BATS:MTUM)

The Fund seeks to track the investment results of the MSCI USA Momentum SR Variant Index (the Underlying Index ), which consists of stocks exhibiting relatively higher momentum characteristics from the traditional market capitalization-weighted parent index, the MSCI USA Index (the Parent Index ), as determined by MSCI Inc. (the Index Provider or MSCI ). The Parent Index includes U.S. large- and mid-capitalization stocks, as defined by MSCI. The Underlying Index is designed to measure the performance of an equity momentum strategy by emphasizing stocks with high price momentum, while maintaining reasonably high trading liquidity, investment capacity and moderate index turnover, each as determined by the Index Provider. The Underlying Index is a variant of the MSCI USA Momentum Index that employs a different reconstitution process. All constituent changes due to the semi-annual reconstitution of the Underlying Index are distributed over multiple days leading into the reconstitution effective date with an aim of facilitating easier implementation of the changes resulting from the reconstitution.

iShares MSCI USA Momentum Factor ETF trades on the BATS stock market under the symbol MTUM.

As of April 19, 2024, MTUM stock price declined to $173.58 with 1,834,792 million shares trading.

MTUM has a beta of 1.08, meaning it tends to be more sensitive to market movements. MTUM has a correlation of 0.75 to the broad based SPY ETF.

MTUM has a market cap of $9.57 billion. This is considered a Mid Cap stock.

In the last 3 years, MTUM stock traded as high as $194.25 and as low as $129.62.

MTUM has outperformed the market in the last year with a return of +21.9%, while the SPY ETF gained +21.2%. In the last 3 month period, MTUM beat the market returning +7.8%, while SPY returned +4.3%. However, in the most recent 2 weeks MTUM has underperformed the stock market by returning -5.8%, while SPY returned -3.5%.

MTUM support price is $175.98 and resistance is $180.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTUM stock will trade within this expected range on the day.