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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the target of some unusual options trading activity on Monday. Traders acquired 15,306 put options on the company. This is an increase of approximately 785% compared to the average volume of 1,729 put options.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTUM. Corient Private Wealth LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after buying an additional 1,332,181 shares in the last quarter. Focus Partners Wealth boosted its position in iShares MSCI USA Momentum Factor ETF by 2,939.7% in the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after buying an additional 896,644 shares in the last quarter. LPL Financial LLC boosted 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 buying an additional 652,414 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares MSCI USA Momentum Factor ETF by 32.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after buying an additional 280,192 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after buying an additional 256,639 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.6%

BATS MTUM traded down $1.58 on Monday, reaching $279.32. The company’s stock had a trading volume of 191,587 shares, compared to its average volume of 818,502. The firm has a market cap of $20.39 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50-day moving average price of $253.26 and a 200 day moving average price of $252.65. iShares MSCI USA Momentum Factor ETF has a 52 week low of $203.81 and a 52 week high of $281.51.

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.