Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $54.38 and last traded at $54.37, with a volume of 6531 shares changing hands. The stock had previously closed at $53.75.
iShares MSCI Intl Momentum Factor ETF Stock Up 1.0%
The stock has a market capitalization of $4.03 billion, a P/E ratio of 17.95 and a beta of 0.81. The company has a 50-day moving average price of $52.43 and a two-hundred day moving average price of $50.62.
Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 25.1% in the 1st quarter. Royal Bank of Canada now owns 48,409 shares of the company’s stock valued at $1,934,000 after purchasing an additional 9,717 shares during the period. AQR Capital Management LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF during the first quarter worth about $224,000. Jones Financial Companies Lllp bought a new position in iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth about $715,000. JPMorgan Chase & Co. increased its stake in iShares MSCI Intl Momentum Factor ETF by 60.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 85,359 shares of the company’s stock worth $3,900,000 after acquiring an additional 32,134 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in iShares MSCI Intl Momentum Factor ETF by 2.2% in the 2nd quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock worth $574,000 after acquiring an additional 265 shares during 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.
Further Reading
- Five stocks we like better than iShares MSCI Intl Momentum Factor ETF
- Microsoft’s Boring Stock Story May Be Its Biggest Strength
- 3 Monthly Dividend Stocks for Income Investors Seeking Cash Flow
- These 3 Bitcoin Miner Stocks Are Riding the AI Data Center Boom
- Why Penguin Solutions Is Rallying as AI Data Centers Scale
Receive News & Ratings for iShares MSCI Intl Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Intl Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
