Traders Purchase Large Volume of iShares MSCI USA Momentum Factor ETF Put Options (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) saw some unusual options trading on Wednesday. Traders acquired 39,788 put options on the stock. This represents an increase of 343% compared to the typical daily volume of 8,976 put options.

iShares MSCI USA Momentum Factor ETF Stock Down 2.9%

BATS:MTUM opened at $312.44 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The firm has a market cap of $22.81 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company’s 50 day moving average is $313.33 and its 200-day moving average is $274.86.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MTUM. Dagco Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $25,000. Cary Street Partners Financial LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $26,000. Finally, Financial Network Wealth Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during 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.