iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stock Sees Heavy Put Option Buying

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) saw some unusual options trading activity on Wednesday. Stock traders acquired 16,601 put options on the company. This is an increase of 63% compared to the typical daily volume of 10,214 put options.

iShares MSCI USA Momentum Factor ETF Stock Performance

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

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 minted shares will be payable to shareholders after the market closes on Wednesday, November 4th.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

A number of large investors have recently added to or reduced their stakes in the business. Financial Network Wealth Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares during the period. Fairway Wealth LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $36,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Indiana Trust & Investment Management Co acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Finally, Morling Financial Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $50,000.

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.