iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Strong Trading Volume – Here’s What Happened

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw strong trading volume on Wednesday . 1,471,809 shares changed hands during trading, an increase of 164% from the previous session’s volume of 556,599 shares.The stock last traded at $49.7050 and had previously closed at $49.74.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The firm has a market capitalization of $3.70 billion, a PE ratio of 17.95 and a beta of 0.81. The company has a fifty day moving average price of $48.52 and a 200-day moving average price of $47.38.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Several hedge funds have recently made changes to their positions in the business. Comerica Bank boosted its stake in shares of 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 in the last quarter. Rockefeller Capital Management L.P. raised its stake in iShares MSCI Intl Momentum Factor ETF by 1.5% in the second quarter. Rockefeller Capital Management L.P. now owns 14,597 shares of the company’s stock worth $667,000 after buying an additional 218 shares in the last quarter. WealthCare Investment Partners LLC lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 3.6% during the fourth quarter. WealthCare Investment Partners LLC now owns 6,270 shares of the company’s stock worth $305,000 after buying an additional 218 shares during the period. Cerity Partners LLC boosted its position in iShares MSCI Intl Momentum Factor ETF by 2.2% during the 2nd quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock valued at $574,000 after acquiring an additional 265 shares in the last quarter. Finally, Sweeney & Michel LLC boosted its position in iShares MSCI Intl Momentum Factor ETF by 5.5% during the 3rd quarter. Sweeney & Michel LLC now owns 5,261 shares of the company’s stock valued at $247,000 after acquiring an additional 275 shares in the last quarter.

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.