Ritholtz Wealth Management raised its position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Free Report) by 22.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,469,111 shares of the company’s stock after buying an additional 270,053 shares during the period. iShares MSCI Intl Momentum Factor ETF comprises about 1.5% of Ritholtz Wealth Management’s investment portfolio, making the stock its 15th biggest holding. Ritholtz Wealth Management’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $67,124,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of IMTM. Smartleaf Asset Management LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth $36,000. Golden State Wealth Management LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF during the first quarter worth about $37,000. Farther Finance Advisors LLC raised its position in iShares MSCI Intl Momentum Factor ETF by 959.4% in the second quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock worth $51,000 after acquiring an additional 1,017 shares in the last quarter. Assetmark Inc. lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 66.3% in the 1st quarter. Assetmark Inc. now owns 1,641 shares of the company’s stock valued at $66,000 after acquiring an additional 654 shares during the last quarter. Finally, Blue Trust Inc. bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter valued at about $90,000.
iShares MSCI Intl Momentum Factor ETF Price Performance
NYSEARCA IMTM opened at $47.45 on Wednesday. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $35.35 and a 12 month high of $48.25. The company has a market capitalization of $3.35 billion, a P/E ratio of 17.95 and a beta of 0.78. The company’s 50 day simple moving average is $47.11 and its 200 day simple moving average is $44.61.
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.
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