iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $53.22 and last traded at $53.17, with a volume of 171968 shares traded. The stock had previously closed at $52.78.
iShares MSCI Intl Momentum Factor ETF Stock Down 2.1%
The firm has a market capitalization of $3.85 billion, a P/E ratio of 17.95 and a beta of 0.81. The firm has a 50 day moving average of $50.20 and a 200-day moving average of $49.70.
Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 25.1% during the 1st quarter. Royal Bank of Canada now owns 48,409 shares of the company’s stock worth $1,934,000 after purchasing an additional 9,717 shares in the last quarter. AQR Capital Management LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF during the first quarter worth about $224,000. Jones Financial Companies Lllp bought a new stake in iShares MSCI Intl Momentum Factor ETF during the first quarter worth about $715,000. JPMorgan Chase & Co. grew its stake in iShares MSCI Intl Momentum Factor ETF by 60.4% during the second quarter. JPMorgan Chase & Co. now owns 85,359 shares of the company’s stock worth $3,900,000 after buying an additional 32,134 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in iShares MSCI Intl Momentum Factor ETF by 2.2% during the second quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock worth $574,000 after buying an additional 265 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.
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