Belpointe Asset Management LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Free Report) during the second quarter, Holdings Channel.com reports. The firm acquired 17,900 shares of the company’s stock, valued at approximately $818,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the first quarter worth approximately $36,000. Golden State Wealth Management LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the first quarter worth approximately $37,000. Farther Finance Advisors LLC lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 959.4% in the second quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock valued at $51,000 after purchasing an additional 1,017 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 66.3% in the first quarter. Assetmark Inc. now owns 1,641 shares of the company’s stock valued at $66,000 after purchasing an additional 654 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in shares of iShares MSCI Intl Momentum Factor ETF in the first quarter valued at approximately $90,000.
iShares MSCI Intl Momentum Factor ETF Stock Up 0.6%
IMTM stock opened at $48.06 on Thursday. iShares MSCI Intl Momentum Factor ETF has a twelve month low of $35.35 and a twelve month high of $48.25. The stock’s 50 day moving average is $46.93 and its 200-day moving average is $44.40. The firm has a market capitalization of $3.39 billion, a PE 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.
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