Cabot Wealth Management Inc. Makes New $17.55 Million Investment in iShares MSCI Intl Momentum Factor ETF $IMTM

Cabot Wealth Management Inc. bought a new position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 333,431 shares of the company’s stock, valued at approximately $17,548,000. iShares MSCI Intl Momentum Factor ETF accounts for approximately 1.6% of Cabot Wealth Management Inc.’s holdings, making the stock its 17th biggest position. Cabot Wealth Management Inc. owned about 0.41% of iShares MSCI Intl Momentum Factor ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new stake in iShares MSCI Intl Momentum Factor ETF during the third quarter valued at about $98,185,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 672,511 shares of the company’s stock worth $35,865,000 after purchasing an additional 66,596 shares during the period. Bank of America Corp DE raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock worth $35,161,000 after purchasing an additional 23,744 shares during the period. Acropolis Investment Management LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 3rd quarter worth about $33,975,000. Finally, Shore Point Advisors LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at about $26,025,000.

iShares MSCI Intl Momentum Factor ETF Price Performance

NYSEARCA IMTM opened at $50.63 on Thursday. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $45.97 and a 1-year high of $54.79. The firm has a market capitalization of $4.16 billion, a P/E ratio of 17.95 and a beta of 0.82. The business’s 50-day simple moving average is $52.17 and its 200-day simple moving average is $51.89.

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.