iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Hits New 1-Year High – What’s Next?

Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) reached a new 52-week high on Wednesday . The company traded as high as $41.23 and last traded at $41.09, with a volume of 217585 shares traded. The stock had previously closed at $40.84.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.7 %

The business has a fifty day simple moving average of $39.48 and a two-hundred day simple moving average of $39.21. The stock has a market cap of $2.45 billion, a PE ratio of 20.52 and a beta of 0.80.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

A number of hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 8,242 shares of the company’s stock worth $333,000 after purchasing an additional 323 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its position in iShares MSCI Intl Momentum Factor ETF by 4.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 8,332 shares of the company’s stock valued at $312,000 after acquiring an additional 328 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its position in iShares MSCI Intl Momentum Factor ETF by 1.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 25,819 shares of the company’s stock valued at $1,043,000 after acquiring an additional 335 shares in the last quarter. HighTower Advisors LLC lifted its position in iShares MSCI Intl Momentum Factor ETF by 4.0% in the 4th quarter. HighTower Advisors LLC now owns 9,831 shares of the company’s stock valued at $368,000 after acquiring an additional 378 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its position in iShares MSCI Intl Momentum Factor ETF by 5.4% in the 4th quarter. Bell Investment Advisors Inc now owns 8,065 shares of the company’s stock valued at $302,000 after acquiring an additional 413 shares in the last quarter.

About iShares MSCI Intl Momentum Factor ETF

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.