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

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTMGet Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $53.60 and last traded at $53.56, with a volume of 28304 shares. The stock had previously closed at $52.78.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The company has a market cap of $3.96 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The company’s 50 day moving average price is $50.61 and its 200 day moving average price is $49.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter worth $2,985,000. Acropolis Investment Management LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 1.9% during the 4th quarter. Acropolis Investment Management LLC now owns 641,150 shares of the company’s stock worth $30,756,000 after acquiring an additional 12,064 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 26.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 53,517 shares of the company’s stock worth $2,567,000 after acquiring an additional 11,176 shares during the period. Compound Planning Inc. bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter worth $495,000. Finally, Ritholtz Wealth Management lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 3.6% during the 4th quarter. Ritholtz Wealth Management now owns 1,593,085 shares of the company’s stock worth $76,420,000 after purchasing an additional 55,900 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Company Profile

(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.

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