iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sets New 12-Month High – Still a Buy?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTMGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $54.41 and last traded at $54.36, with a volume of 25381 shares. The stock had previously closed at $53.64.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The stock has a fifty day simple moving average of $52.64 and a 200-day simple moving average of $51.62. The stock has a market cap of $4.32 billion, a P/E ratio of 17.95 and a beta of 0.81.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the first quarter valued at $31,000. Rothschild Investment LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the fourth quarter valued at $32,000. CWM LLC increased its stake in iShares MSCI Intl Momentum Factor ETF by 872.9% in the 4th quarter. CWM LLC now owns 827 shares of the company’s stock valued at $40,000 after buying an additional 742 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $40,000.

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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