Traders Purchase Large Volume of iShares MSCI USA Momentum Factor ETF Put Options (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the target of unusually large options trading on Tuesday. Stock investors acquired 20,625 put options on the company. This represents an increase of 199% compared to the average daily volume of 6,891 put options.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $12.83 on Tuesday, reaching $332.39. 856,899 shares of the company’s stock were exchanged, compared to its average volume of 1,008,810. The company has a market capitalization of $24.26 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The firm’s 50-day moving average is $301.24 and its two-hundred day moving average is $268.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Beacon Financial Advisory LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 2.5% in the first quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after purchasing an additional 36 shares in the last quarter. Caliber Wealth Management LLC KS grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after buying an additional 39 shares during the period. Traction Financial Partners LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock valued at $302,000 after buying an additional 40 shares during the period. Clark Capital Management Group Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 4.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock valued at $249,000 after buying an additional 41 shares in the last quarter. Finally, Lunt Capital Management Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock valued at $375,000 after buying an additional 43 shares in the last quarter.

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.