Cabot Wealth Management Inc. bought a new stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Free Report) during the third quarter, HoldingsChannel.com reports. The fund bought 333,431 shares of the company’s stock, valued at approximately $17,548,000. iShares MSCI Intl Momentum Factor ETF comprises 1.6% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 17th biggest holding.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ritholtz Wealth Management purchased a new stake in iShares MSCI Intl Momentum Factor ETF during the 3rd quarter worth $98,185,000. Acropolis Investment Management LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at $33,975,000. Shore Point Advisors LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter valued at about $26,025,000. Venture Visionary Partners LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter valued at about $16,824,000. Finally, Family Capital Trust Co purchased a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter valued at about $14,162,000.
iShares MSCI Intl Momentum Factor ETF Price Performance
Shares of IMTM opened at $50.63 on Thursday. The stock’s 50-day moving average is $52.17 and its two-hundred day moving average is $51.89. The stock has a market cap of $4.16 billion, a PE ratio of 17.95 and a beta of 0.82. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $45.97 and a 12 month high of $54.79.
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.
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