iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Get Free Report) saw some unusual options trading on Tuesday. Stock investors purchased 19,688 call options on the stock. This represents an increase of 64% compared to the typical daily volume of 12,016 call options.
iShares MSCI USA Momentum Factor ETF Stock Up 2.5%
iShares MSCI USA Momentum Factor ETF stock traded up $7.50 during midday trading on Tuesday, hitting $309.28. The company’s stock had a trading volume of 418,888 shares, compared to its average volume of 1,203,141. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The stock’s 50-day moving average price is $317.70 and its 200-day moving average price is $281.99. The company has a market capitalization of $22.58 billion, a PE ratio of 28.67 and a beta of 1.02.
Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF
A number of institutional investors have recently bought and sold shares of MTUM. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $26,000.
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.
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