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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) saw unusually large options trading on Friday. Investors purchased 12,216 put options on the company. This represents an increase of approximately 130% compared to the average volume of 5,321 put options.

iShares MSCI USA Momentum Factor ETF Trading Down 3.4%

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $11.09 on Friday, reaching $314.78. 662,651 shares of the company were exchanged, compared to its average volume of 950,657. iShares MSCI USA Momentum Factor ETF has a one year low of $229.29 and a one year high of $331.49. The company has a market capitalization of $22.98 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average of $282.37 and a 200 day moving average of $262.22.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

Large investors have recently added to or reduced their stakes in the business. Caprock Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $3,283,000. Braun Bostich & Associates Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 63.4% in the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after acquiring an additional 4,463 shares during the period. BCGM Wealth Management LLC increased its position in iShares MSCI USA Momentum Factor ETF by 45.0% during the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after buying an additional 7,960 shares during the period. Cypress Wealth Services LLC increased its position in iShares MSCI USA Momentum Factor ETF by 63.6% during the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after buying an additional 5,740 shares during the period. Finally, Flagship Capital Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $1,779,000.

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.