iShares MSCI USA Momentum Factor ETF Target of Unusually Large Options Trading (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 5,037 put options on the stock. This represents an increase of approximately 399% compared to the typical volume of 1,010 put options.

iShares MSCI USA Momentum Factor ETF Stock Up 1.5%

MTUM opened at $250.71 on Thursday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The company has a fifty day moving average of $254.46 and a 200-day moving average of $251.76. The stock has a market cap of $18.30 billion, a PE ratio of 28.67 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MTUM. Dagco Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $25,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $26,000. Finally, Financial Network Wealth Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring 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.