iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Large Volume Increase – Still a Buy?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTMGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 899,670 shares traded hands during mid-day trading, an increase of 132% from the previous session’s volume of 387,861 shares.The stock last traded at $37.23 and had previously closed at $37.06.

iShares MSCI Intl Momentum Factor ETF Price Performance

The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81. The business’s 50 day moving average price is $38.36 and its 200-day moving average price is $38.95.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Several hedge funds have recently modified their holdings of IMTM. Bfsg LLC purchased a new stake in iShares MSCI Intl Momentum Factor ETF during the third quarter worth about $26,000. American Capital Advisory LLC lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 3,367.9% during the 3rd quarter. American Capital Advisory LLC now owns 971 shares of the company’s stock valued at $39,000 after acquiring an additional 943 shares during the period. Assetmark Inc. purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter worth approximately $41,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 2nd quarter worth approximately $97,000. Finally, Toronto Dominion Bank purchased a new position in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at approximately $142,000.

About iShares MSCI Intl Momentum Factor ETF

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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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