Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) Stock Price Down 1.3% – Here’s Why

Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOMGet Free Report) dropped 1.3% during trading on Friday . The stock traded as low as $41.33 and last traded at $41.38. Approximately 3,603 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 19,587 shares. The stock had previously closed at $41.94.

Alpha Architect International Quantitative Momentum ETF Stock Down 1.3%

The company has a 50-day moving average price of $41.71 and a two-hundred day moving average price of $42.78. The stock has a market capitalization of $158.49 million, a P/E ratio of 23.34 and a beta of 0.95.

Hedge Funds Weigh In On Alpha Architect International Quantitative Momentum ETF

Several hedge funds have recently bought and sold shares of the company. Sankala Group LLC bought a new stake in Alpha Architect International Quantitative Momentum ETF during the 4th quarter worth approximately $353,000. Worth Asset Management LLC purchased a new position in shares of Alpha Architect International Quantitative Momentum ETF during the 1st quarter valued at $403,000. Flow Traders U.S. LLC purchased a new position in shares of Alpha Architect International Quantitative Momentum ETF during the 3rd quarter valued at $777,000. Finally, Baker Boyer National Bank grew its position in shares of Alpha Architect International Quantitative Momentum ETF by 2.4% during the 4th quarter. Baker Boyer National Bank now owns 84,952 shares of the company’s stock valued at $3,238,000 after purchasing an additional 2,028 shares in the last quarter.

About Alpha Architect International Quantitative Momentum ETF

(Get Free Report)

The Alpha Architect International Quantitative Momentum ETF (IMOM) is an exchange-traded fund that mostly invests in total market equity. The fund is an active, equal-weighted portfolio of developed-market ex-North America stocks, screened for their strong and consistent momentum. IMOM was launched on Dec 23, 2015 and is issued by Alpha Architect.

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