iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Reaches New 12-Month High – Here’s What Happened

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $53.60 and last traded at $53.56, with a volume of 28304 shares traded. The stock had previously closed at $52.78.

iShares MSCI Intl Momentum Factor ETF Price Performance

The stock has a 50 day simple moving average of $50.81 and a two-hundred day simple moving average of $50.01. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock worth $1,096,396,000 after acquiring an additional 1,132,648 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in iShares MSCI Intl Momentum Factor ETF by 4.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,865,565 shares of the company’s stock valued at $983,941,000 after purchasing an additional 768,834 shares during the last quarter. Symmetry Partners LLC raised its holdings in iShares MSCI Intl Momentum Factor ETF by 109.6% during the fourth quarter. Symmetry Partners LLC now owns 883,958 shares of the company’s stock worth $42,404,000 after purchasing an additional 462,143 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 4th quarter worth approximately $16,805,000. Finally, Bank of America Corp DE boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 73.8% in the 3rd quarter. Bank of America Corp DE now owns 629,951 shares of the company’s stock valued at $30,162,000 after buying an additional 267,422 shares in 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.