Straight Path Wealth Management Has $8.78 Million Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Straight Path Wealth Management lifted its holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,741 shares of the company’s stock after acquiring an additional 8,899 shares during the period. iShares MSCI Intl Momentum Factor ETF accounts for about 3.5% of Straight Path Wealth Management’s portfolio, making the stock its 6th biggest holding. Straight Path Wealth Management’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $8,779,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Ritholtz Wealth Management boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.5% in the fourth quarter. Ritholtz Wealth Management now owns 907,373 shares of the company’s stock worth $33,936,000 after acquiring an additional 39,341 shares during the period. Acropolis Investment Management LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.2% in the fourth quarter. Acropolis Investment Management LLC now owns 593,044 shares of the company’s stock worth $22,180,000 after acquiring an additional 23,677 shares during the period. FMR LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 10.3% in the third quarter. FMR LLC now owns 486,796 shares of the company’s stock worth $19,657,000 after acquiring an additional 45,438 shares during the period. Armbruster Capital Management Inc. boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 2.2% in the fourth quarter. Armbruster Capital Management Inc. now owns 424,760 shares of the company’s stock worth $15,886,000 after acquiring an additional 9,217 shares during the period. Finally, Kathmere Capital Management LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% in the fourth quarter. Kathmere Capital Management LLC now owns 397,824 shares of the company’s stock worth $14,879,000 after acquiring an additional 15,771 shares during the period.

iShares MSCI Intl Momentum Factor ETF Stock Up 2.4 %

NYSEARCA IMTM opened at $41.08 on Thursday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 20.52 and a beta of 0.80. The business has a 50-day moving average price of $38.93 and a 200-day moving average price of $39.17. iShares MSCI Intl Momentum Factor ETF has a twelve month low of $34.65 and a twelve month high of $41.20.

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.