iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Hits New 12-Month High – What’s Next?

by · The Cerbat Gem

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $50.33 and last traded at $50.24, with a volume of 62862 shares changing hands. The stock had previously closed at $50.02.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.5%

The company has a market cap of $3.72 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The stock has a 50-day simple moving average of $48.54 and a 200-day simple moving average of $47.40.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

Several large investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV lifted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 5.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 21,723,174 shares of the company’s stock worth $1,040,105,000 after acquiring an additional 1,095,537 shares during the period. Envestnet Asset Management Inc. raised its holdings in iShares MSCI Intl Momentum Factor ETF by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 18,821,987 shares of the company’s stock worth $859,977,000 after purchasing an additional 876,618 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in iShares MSCI Intl Momentum Factor ETF by 4.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,096,731 shares of the company’s stock worth $911,869,000 after purchasing an additional 810,082 shares during the period. Ocean Park Asset Management LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at $28,012,000. Finally, Ritholtz Wealth Management lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 22.5% in the second quarter. Ritholtz Wealth Management now owns 1,469,111 shares of the company’s stock valued at $67,124,000 after buying an additional 270,053 shares during the period.

About iShares MSCI Intl Momentum Factor ETF

(Get Free Report)

The iShares MSCI Intl Momentum Factor ETF (IMTM) is an exchange-traded fund that is based on the MSCI World ex USA Momentum index. The fund tracks an index of large- and mid-cap stocks from developed countries, ex-US. The momentum-selected stocks are weighted by market cap and momentum. IMTM was launched on Jan 13, 2015 and is managed by BlackRock.

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