Cabot Wealth Management Inc. Reduces Position in iShares MSCI Intl Momentum Factor ETF $IMTM

Cabot Wealth Management Inc. lessened its holdings in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 281,656 shares of the company’s stock after selling 3,019 shares during the quarter. iShares MSCI Intl Momentum Factor ETF makes up 1.5% of Cabot Wealth Management Inc.’s portfolio, making the stock its 22nd largest holding. Cabot Wealth Management Inc. owned 0.41% of iShares MSCI Intl Momentum Factor ETF worth $12,869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IMTM. Smartleaf Asset Management LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth $36,000. Golden State Wealth Management LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth $37,000. Farther Finance Advisors LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 959.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock worth $51,000 after acquiring an additional 1,017 shares during the last quarter. Assetmark Inc. boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 66.3% during the 1st quarter. Assetmark Inc. now owns 1,641 shares of the company’s stock worth $66,000 after acquiring an additional 654 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 2nd quarter worth $223,000.

iShares MSCI Intl Momentum Factor ETF Stock Performance

IMTM opened at $47.47 on Friday. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $35.35 and a fifty-two week high of $48.25. The firm’s fifty day moving average is $47.25 and its 200 day moving average is $45.12. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 17.95 and a beta of 0.78.

iShares MSCI Intl Momentum Factor ETF 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.