Shore Point Advisors LLC Makes New Investment in iShares MSCI Intl Momentum Factor ETF $IMTM

Shore Point Advisors LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 494,486 shares of the company’s stock, valued at approximately $26,025,000. iShares MSCI Intl Momentum Factor ETF makes up 6.7% of Shore Point Advisors LLC’s portfolio, making the stock its 4th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its stake in iShares MSCI Intl Momentum Factor ETF by 8.1% in the first quarter. Ritholtz Wealth Management now owns 1,722,729 shares of the company’s stock valued at $82,725,000 after buying an additional 129,644 shares during the last quarter. Bank of America Corp DE grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 3.4% during the first quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock worth $35,161,000 after acquiring an additional 23,744 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 11.0% during the second quarter. Envestnet Asset Management Inc. now owns 672,511 shares of the company’s stock worth $35,865,000 after acquiring an additional 66,596 shares during the last quarter. Acropolis Investment Management LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter worth approximately $33,975,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 4.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 478,848 shares of the company’s stock valued at $22,994,000 after acquiring an additional 22,111 shares during the period.

iShares MSCI Intl Momentum Factor ETF Stock Down 1.2%

NYSEARCA:IMTM traded down $0.61 during trading hours on Wednesday, reaching $51.66. 129,857 shares of the company’s stock were exchanged, compared to its average volume of 511,316. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The company has a 50-day moving average of $53.35 and a 200 day moving average of $52.46. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $45.97 and a 1-year high of $54.79.

iShares MSCI Intl Momentum Factor ETF Profile

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.