iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Strong Trading Volume

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw an uptick in trading volume on Tuesday . 1,059,734 shares were traded during trading, an increase of 452% from the previous session’s volume of 191,992 shares.The stock last traded at $39.28 and had previously closed at $39.09.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The firm has a market capitalization of $1.75 billion, a PE ratio of 11.82 and a beta of 0.78. The company’s 50-day moving average price is $36.99 and its 200-day moving average price is $34.23.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF during the 4th quarter worth $30,000. Howe & Rusling Inc. acquired a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter valued at $35,000. Almanack Investment Partners LLC. acquired a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter valued at $33,000. Principal Securities Inc. acquired a new position in iShares MSCI Intl Momentum Factor ETF in the fourth quarter valued at $57,000. Finally, US Bancorp DE increased its stake in iShares MSCI Intl Momentum Factor ETF by 111.8% in the fourth quarter. US Bancorp DE now owns 2,175 shares of the company’s stock valued at $75,000 after purchasing an additional 1,148 shares during the period.

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.