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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) saw some unusual options trading activity on Tuesday. Investors purchased 11,624 put options on the company. This is an increase of approximately 167% compared to the typical volume of 4,347 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTUM. Envestnet Asset Management Inc. lifted 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 worth $1,120,677,000 after buying an additional 229,231 shares during the period. Crestwood Advisors Group LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 11,222 shares of the company’s stock valued at $1,568,000 after acquiring an additional 449 shares in the last quarter. Sculati Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $201,000. Traction Financial Partners LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $323,000. Finally, Franklin Resources Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 38.3% in the 4th quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock worth $9,406,000 after purchasing an additional 16,611 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $198.03 on Thursday. The stock’s 50 day simple moving average is $188.89 and its 200 day simple moving average is $179.22. The firm has a market cap of $10.72 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.