iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Hits New 1-Year High – What’s Next?

Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.23 and last traded at $41.09, with a volume of 217585 shares trading hands. The stock had previously closed at $40.84.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The firm has a market capitalization of $2.45 billion, a P/E ratio of 20.52 and a beta of 0.80. The firm has a 50-day moving average of $39.48 and a 200-day moving average of $39.21.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its stake in iShares MSCI Intl Momentum Factor ETF by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 8,242 shares of the company’s stock valued at $333,000 after buying an additional 323 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 9.3% in the 3rd quarter. HighTower Advisors LLC now owns 9,453 shares of the company’s stock worth $381,000 after purchasing an additional 807 shares in the last quarter. Archvest Wealth Advisors Inc. increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 637.1% in the 4th quarter. Archvest Wealth Advisors Inc. now owns 149,291 shares of the company’s stock worth $5,584,000 after purchasing an additional 129,038 shares in the last quarter. Valued Retirements Inc. purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 3rd quarter worth $904,000. Finally, National Bank of Canada FI increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 75.9% in the 3rd quarter. National Bank of Canada FI now owns 68,408 shares of the company’s stock worth $2,762,000 after purchasing an additional 29,508 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Company Profile

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.