Investors Purchase High Volume of Put Options on iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the recipient of unusually large options trading on Friday. Stock traders acquired 12,216 put options on the company. This is an increase of approximately 130% compared to the typical volume of 5,321 put options.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Town Capital LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 61.9% during the 1st quarter. Town Capital LLC now owns 17,117 shares of the company’s stock worth $4,108,000 after purchasing an additional 6,546 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 6.0% during the 1st quarter. NewEdge Advisors LLC now owns 398,773 shares of the company’s stock worth $95,702,000 after purchasing an additional 22,679 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $271,000. Wellington Grp LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 677.1% during the 1st quarter. Wellington Grp LLC now owns 373 shares of the company’s stock worth $90,000 after purchasing an additional 325 shares in the last quarter. Finally, Western Wealth Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 26.4% during the 1st quarter. Western Wealth Management LLC now owns 18,263 shares of the company’s stock worth $4,383,000 after purchasing an additional 3,810 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM traded down $11.09 during trading hours on Friday, reaching $314.78. 662,651 shares of the stock were exchanged, compared to its average volume of 950,657. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.29 and a twelve month high of $331.49. The firm has a 50 day moving average of $282.37 and a 200 day moving average of $262.22. The stock has a market cap of $22.98 billion, a PE ratio of 28.67 and a beta of 1.02.

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.