Cowa LLC Purchases New Holdings in iShares MSCI Intl Momentum Factor ETF $IMTM

Cowa LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,706 shares of the company’s stock, valued at approximately $1,353,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMTM. Bank of America Corp DE raised its holdings in iShares MSCI Intl Momentum Factor ETF by 3.4% during the first quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock valued at $35,161,000 after acquiring an additional 23,744 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 672,511 shares of the company’s stock worth $35,865,000 after acquiring an additional 66,596 shares during the period. Acropolis Investment Management LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter worth about $33,975,000. Shore Point Advisors LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter worth about $26,025,000. Finally, Royal Bank of Canada grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 222.8% during the first quarter. Royal Bank of Canada now owns 331,656 shares of the company’s stock worth $15,927,000 after purchasing an additional 228,914 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Trading Up 1.4%

Shares of IMTM opened at $51.24 on Thursday. The business’s 50 day moving average is $52.54 and its 200 day moving average is $51.90. The company has a market capitalization of $4.20 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.

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.