iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Reaches New 52-Week High – Here’s What Happened

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $54.38 and last traded at $54.37, with a volume of 6531 shares. The stock had previously closed at $53.75.

iShares MSCI Intl Momentum Factor ETF Stock Down 3.1%

The stock has a 50 day moving average of $52.51 and a 200 day moving average of $50.70. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of iShares MSCI Intl Momentum Factor ETF by 25.1% during the first quarter. Royal Bank of Canada now owns 48,409 shares of the company’s stock worth $1,934,000 after buying an additional 9,717 shares during the period. AQR Capital Management LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF in the first quarter valued at $224,000. Jones Financial Companies Lllp acquired a new position in iShares MSCI Intl Momentum Factor ETF in the first quarter valued at $715,000. JPMorgan Chase & Co. boosted its position in iShares MSCI Intl Momentum Factor ETF by 60.4% during the second quarter. JPMorgan Chase & Co. now owns 85,359 shares of the company’s stock valued at $3,900,000 after acquiring an additional 32,134 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in iShares MSCI Intl Momentum Factor ETF by 2.2% during the second quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock valued at $574,000 after acquiring an additional 265 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Company 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.