iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Hits New 52-Week High – Here’s Why

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $52.86 and last traded at $52.71, with a volume of 12780 shares changing hands. The stock had previously closed at $52.56.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The company has a market cap of $3.84 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The stock’s fifty day moving average is $50.02 and its two-hundred day moving average is $48.38.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Several institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 5.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock valued at $1,096,396,000 after purchasing an additional 1,132,648 shares during the period. Envestnet Asset Management Inc. grew its stake in iShares MSCI Intl Momentum Factor ETF by 4.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,821,987 shares of the company’s stock valued at $859,977,000 after buying an additional 876,618 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in iShares MSCI Intl Momentum Factor ETF by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,096,731 shares of the company’s stock valued at $911,869,000 after acquiring an additional 810,082 shares during the period. Ocean Park Asset Management LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter worth $28,012,000. Finally, Symmetry Partners LLC boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 109.6% in the fourth quarter. Symmetry Partners LLC now owns 883,958 shares of the company’s stock worth $42,404,000 after acquiring an additional 462,143 shares during the period.

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.