Investors Buy iShares Trust (MTUM) on Weakness
Investors bought shares of iShares Trust (BATS:MTUM) on weakness during trading hours on Tuesday. $99.73 million flowed into the stock on the tick-up and $32.22 million flowed out of the stock on the tick-down, for a money net flow of $67.51 million into the stock. Of all stocks tracked, iShares Trust had the 27th highest net in-flow for the day. iShares Trust traded down ($0.24) for the day and closed at $108.82
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 22nd were given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Thursday, December 21st.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Oak Point Wealth Management bought a new stake in iShares Trust in the 4th quarter worth approximately $493,000. Bank of Montreal Can grew its position in iShares Trust by 214.0% in the 4th quarter. Bank of Montreal Can now owns 7,802 shares of the company’s stock worth $805,000 after purchasing an additional 5,317 shares during the period. White Lighthouse Investment Management Inc. bought a new stake in iShares Trust in the 4th quarter worth approximately $955,000. Pennsylvania Trust Co bought a new stake in iShares Trust in the 4th quarter worth approximately $4,317,000. Finally, XR Securities LLC bought a new stake in iShares Trust in the 4th quarter worth approximately $5,239,000.
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