iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Reaches New 1-Year High – Time to Buy?

Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $53.60 and last traded at $53.56, with a volume of 28304 shares trading hands. The stock had previously closed at $52.78.

iShares MSCI Intl Momentum Factor ETF Price Performance

The firm has a fifty day simple moving average of $50.61 and a 200 day simple moving average of $49.93. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the fourth quarter worth $27,000. Western Wealth Management LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the first quarter worth $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the first quarter worth $31,000. MAI Capital Management grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 245.1% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $32,000 after acquiring an additional 478 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the fourth quarter worth $32,000.

iShares MSCI Intl Momentum Factor ETF Company 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.