Cowa LLC Takes Position in iShares MSCI Intl Momentum Factor ETF $IMTM

Cowa LLC bought a new position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the second quarter, HoldingsChannel.com reports. The fund bought 22,824 shares of the company’s stock, valued at approximately $1,043,000.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 959.4% during the 2nd 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 during the last quarter. Atria Investments Inc increased its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 1.2% during the second quarter. Atria Investments Inc now owns 102,057 shares of the company’s stock worth $4,663,000 after buying an additional 1,188 shares in the last quarter. Comerica Bank raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 2.5% in the first quarter. Comerica Bank now owns 12,191 shares of the company’s stock valued at $487,000 after acquiring an additional 296 shares during the last quarter. RPS Advisory Solutions LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 2nd quarter worth approximately $1,240,000. Finally, Private Advisor Group LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth approximately $712,000.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of IMTM opened at $46.70 on Friday. The stock has a fifty day moving average price of $47.62 and a two-hundred day moving average price of $46.10. iShares MSCI Intl Momentum Factor ETF has a 52-week low of $35.35 and a 52-week high of $49.06. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

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.