Fifth Third Wealth Advisors LLC Purchases 176,477 Shares of iShares MSCI Intl Momentum Factor ETF $IMTM

Fifth Third Wealth Advisors LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 176,477 shares of the company’s stock, valued at approximately $9,288,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IMTM. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 672,511 shares of the company’s stock worth $35,865,000 after purchasing an additional 66,596 shares during the period. Bank of America Corp DE grew its position in iShares MSCI Intl Momentum Factor ETF by 3.4% in the first quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock valued at $35,161,000 after acquiring an additional 23,744 shares in the last quarter. Acropolis Investment Management LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter valued at about $33,975,000. Shore Point Advisors LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF in the third quarter valued at $26,025,000. Finally, Janney Montgomery Scott LLC raised its stake in iShares MSCI Intl Momentum Factor ETF by 4.8% during the first quarter. Janney Montgomery Scott LLC now owns 478,848 shares of the company’s stock valued at $22,994,000 after buying an additional 22,111 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Trading Down 0.3%

Shares of iShares MSCI Intl Momentum Factor ETF stock opened at $50.68 on Friday. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The business’s 50 day simple moving average is $52.98 and its 200-day simple moving average is $52.62. iShares MSCI Intl Momentum Factor ETF has a twelve month low of $45.97 and a twelve month 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.