Allstate Corp Purchases 2,320 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Allstate Corp grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 65.6% in the third quarter, HoldingsChannel reports. The fund owned 5,858 shares of the company’s stock after acquiring an additional 2,320 shares during the period. Allstate Corp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,502,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MTUM. Archvest Wealth Advisors Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.6% in the third quarter. Archvest Wealth Advisors Inc. now owns 17,824 shares of the company’s stock worth $4,571,000 after purchasing an additional 779 shares in the last quarter. Capital Advisory Group Advisory Services LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $251,000. Sequoia Financial Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 1.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 108,546 shares of the company’s stock worth $27,837,000 after buying an additional 1,792 shares in the last quarter. Occidental Asset Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $211,000. Finally, Evergreen Capital Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $265,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $252.74 on Wednesday. The business’s 50-day simple moving average is $250.94 and its 200 day simple moving average is $249.00. The firm has a market capitalization of $18.45 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99.

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.