iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 16,879 put options on the company. This is an increase of 51% compared to the average volume of 11,148 put options.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in MTUM. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $26,000. Financial Network Wealth Advisors LLC increased its stake 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 worth $26,000 after acquiring an additional 67 shares during the last quarter. Finally, Fairway Wealth LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $36,000.
iShares MSCI USA Momentum Factor ETF Trading Down 3.3%
Shares of MTUM stock traded down $10.09 during trading hours on Tuesday, reaching $292.24. The stock had a trading volume of 1,309,148 shares, compared to its average volume of 1,163,706. The stock’s fifty day simple moving average is $318.22 and its 200 day simple moving average is $280.64. The firm has a market capitalization of $21.33 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59.
About iShares MSCI USA Momentum Factor ETF
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.
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