iShares MSCI USA Momentum Factor ETF Sees Unusually High Options Volume (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 5,037 put options on the stock. This is an increase of 399% compared to the average volume of 1,010 put options.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $247.01 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10. The firm has a fifty day moving average of $254.55 and a 200-day moving average of $251.77. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

Several large investors have recently made changes to their positions in the company. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC increased its holdings in shares of 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 valued at $26,000 after purchasing an additional 67 shares during the period.

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.