iShares MSCI USA Momentum Factor ETF $MTUM Shares Acquired by Allstate Corp

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

A number of other large investors have also modified their holdings of the company. Archvest Wealth Advisors Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 4.6% in the 3rd quarter. Archvest Wealth Advisors Inc. now owns 17,824 shares of the company’s stock valued at $4,571,000 after buying an additional 779 shares during the last quarter. Capital Advisory Group Advisory Services LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $251,000. Sequoia Financial Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 108,546 shares of the company’s stock worth $27,837,000 after acquiring an additional 1,792 shares in the last quarter. Occidental Asset Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $211,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $265,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

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

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.