iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sets New 52-Week High – Here’s Why

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTMGet Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $54.79 and last traded at $54.64, with a volume of 209713 shares. The stock had previously closed at $54.25.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The stock has a market capitalization of $4.28 billion, a PE ratio of 17.95 and a beta of 0.81. The business has a 50 day moving average of $52.82 and a two-hundred day moving average of $51.70.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 28.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock worth $43,000 after acquiring an additional 198 shares during the period. Comerica Bank lifted its position in iShares MSCI Intl Momentum Factor ETF by 1.5% during the third quarter. Comerica Bank now owns 14,291 shares of the company’s stock valued at $684,000 after purchasing an additional 208 shares during the period. Kestra Advisory Services LLC boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 1.1% in the fourth quarter. Kestra Advisory Services LLC now owns 22,398 shares of the company’s stock valued at $1,074,000 after purchasing an additional 243 shares during the last quarter. Cerity Partners LLC boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 2.2% in the second quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock valued at $574,000 after purchasing an additional 265 shares during the last quarter. Finally, US Bancorp DE grew its position in iShares MSCI Intl Momentum Factor ETF by 19.1% during the 3rd quarter. US Bancorp DE now owns 2,198 shares of the company’s stock worth $105,000 after purchasing an additional 352 shares during the period.

About iShares MSCI Intl Momentum Factor ETF

(Get Free Report)

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.

Further Reading

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