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

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)’s share price hit a new 52-week high on Wednesday . The company traded as high as $53.22 and last traded at $53.17, with a volume of 171968 shares. The stock had previously closed at $52.78.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.9%

The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The firm has a 50-day moving average of $50.11 and a 200 day moving average of $49.62.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of IMTM. World Equity Group Inc. raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 5.0% during the first quarter. World Equity Group Inc. now owns 14,378 shares of the company’s stock worth $690,000 after acquiring an additional 679 shares in the last quarter. Fifth Third Bancorp acquired a new stake in iShares MSCI Intl Momentum Factor ETF during the first quarter worth about $378,000. Unison Advisors LLC boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 2.9% during the first quarter. Unison Advisors LLC now owns 89,871 shares of the company’s stock valued at $4,316,000 after purchasing an additional 2,503 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 1.8% during the first quarter. Kathmere Capital Management LLC now owns 433,478 shares of the company’s stock valued at $20,816,000 after purchasing an additional 7,720 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF during the first quarter valued at approximately $31,000.

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.