A popular momentum ETF rebalanced Monday, and the shifts added more tech exposure for investors who want to ride this rally in the stock market. The i Shares MSCI USA Momentum Factor ETF is an fund with more than $13 billion in assets under management, according to FactSet. It tracks a custom index from MSCI that is designed to identify large- and mid-cap U.S. equities with the strongest momentum ratings over the previous six and 12 months.
is up 5.8% in the fourth quarter and more than 37% for the year, according to FactSet, and the fund closed at a record high on Friday. ETF closed at an all-time high on Friday. How it works
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