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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) saw unusually large options trading on Wednesday. Stock investors purchased 16,601 put options on the company. This represents an increase of 63% compared to the average daily volume of 10,214 put options.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Box Hill Private Wealth LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $231,000. Ferguson Wellman Capital Management Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 120.8% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 1,314 shares of the company’s stock worth $417,000 after purchasing an additional 719 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 57.0% during the second quarter. QRG Capital Management Inc. now owns 2,088 shares of the company’s stock worth $716,000 after purchasing an additional 758 shares during the period. Sequoia Financial Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 6.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock valued at $35,604,000 after buying an additional 6,557 shares in the last quarter. Finally, Van Hulzen Asset Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 32.0% in the second quarter. Van Hulzen Asset Management LLC now owns 13,068 shares of the company’s stock valued at $4,480,000 after acquiring an additional 3,166 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.7%

MTUM traded down $2.34 during midday trading on Wednesday, hitting $322.11. 176,616 shares of the company were exchanged, compared to its average volume of 1,237,903. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The company’s 50 day simple moving average is $308.46 and its 200 day simple moving average is $300.46. The firm has a market capitalization of $23.51 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF’s stock is set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Wednesday, November 4th.

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.