Sequoia Financial Advisors LLC Lowers Holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Sequoia Financial Advisors LLC lowered its holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 22.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,651 shares of the company’s stock after selling 100,474 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $14,045,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth about $74,000. Transce3nd LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF during the fourth quarter worth about $76,000. Blue Trust Inc. acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the first quarter valued at about $90,000. IFP Advisors Inc raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 456.9% in the 4th quarter. IFP Advisors Inc now owns 2,534 shares of the company’s stock valued at $95,000 after acquiring an additional 2,079 shares during the period. Finally, Signaturefd LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 4th quarter worth approximately $102,000.

iShares MSCI Intl Momentum Factor ETF Stock Performance

NYSEARCA:IMTM opened at $45.29 on Friday. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $34.65 and a fifty-two week high of $45.58. The company has a 50 day moving average price of $43.68 and a 200 day moving average price of $40.69. The stock has a market capitalization of $3.03 billion, a P/E ratio of 18.74 and a beta of 0.78.

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.