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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 16,003 put options on the company. This is an increase of 558% compared to the average volume of 2,432 put options.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

Hedge funds have recently bought and sold shares of the company. Arizona PSPRS Trust bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $69,276,000. Envestnet Asset Management Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after acquiring an additional 229,231 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after acquiring an additional 213,637 shares during the period. Symmetry Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 62.7% in the 2nd quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after acquiring an additional 208,691 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 20.1% during the 1st quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock worth $232,257,000 after purchasing an additional 207,306 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM traded down $1.80 during midday trading on Tuesday, reaching $196.07. The company had a trading volume of 365,059 shares. The company has a fifty day simple moving average of $192.79 and a two-hundred day simple moving average of $187.41. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

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.