iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Hits New 1-Year High – Time to Buy?

by · The Markets Daily

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $54.38 and last traded at $54.37, with a volume of 6531 shares traded. The stock had previously closed at $53.75.

iShares MSCI Intl Momentum Factor ETF Stock Up 1.0%

The company’s 50-day moving average is $52.43 and its two-hundred day moving average is $50.62. The company has a market capitalization of $4.03 billion, a P/E ratio of 17.95 and a beta of 0.81.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

Institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its position in iShares MSCI Intl Momentum Factor ETF by 28.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock valued at $43,000 after buying an additional 198 shares in the last quarter. Comerica Bank boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 1.5% in the third quarter. Comerica Bank now owns 14,291 shares of the company’s stock worth $684,000 after acquiring an additional 208 shares in the last quarter. WealthCare Investment Partners LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 3.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 6,270 shares of the company’s stock worth $305,000 after acquiring an additional 218 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 1.1% in the fourth quarter. Kestra Advisory Services LLC now owns 22,398 shares of the company’s stock worth $1,074,000 after acquiring an additional 243 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 2.2% during the second quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock valued at $574,000 after acquiring an additional 265 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Company Profile

(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.

Further Reading