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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 19,688 call options on the stock. This represents an increase of approximately 64% compared to the typical daily volume of 12,016 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV increased its position in iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after purchasing an additional 229,850 shares in the last quarter. LPL Financial LLC raised its position in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares during the period. Raymond James Financial Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after buying an additional 152,723 shares during the period. Corient Private Wealth LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the period. Finally, Assetmark Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after buying an additional 37,278 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 2.5%

Shares of iShares MSCI USA Momentum Factor ETF stock traded up $7.50 during trading hours on Tuesday, hitting $309.28. 418,888 shares of the company were exchanged, compared to its average volume of 1,203,141. The stock has a market capitalization of $22.58 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business has a 50-day moving average of $317.70 and a 200-day moving average of $281.99. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59.

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.