iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sets New 52-Week High – Time to Buy?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTMGet Free Report)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $53.74 and last traded at $53.68, with a volume of 7081 shares trading hands. The stock had previously closed at $53.40.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The firm has a market capitalization of $3.96 billion, a P/E ratio of 17.95 and a beta of 0.81. The firm has a 50 day simple moving average of $52.29 and a two-hundred day simple moving average of $50.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 4th quarter worth approximately $27,000. Western Wealth Management LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth approximately $31,000. MAI Capital Management boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 245.1% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $32,000 after buying an additional 478 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 4th quarter worth approximately $32,000.

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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