Independent Solutions Wealth Management LLC Invests $1.97 Million in iShares MSCI Intl Momentum Factor ETF $IMTM

Independent Solutions Wealth Management LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the third quarter, HoldingsChannel reports. The institutional investor bought 41,030 shares of the company’s stock, valued at approximately $1,965,000.

A number of other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.9% in the second quarter. Envestnet Asset Management Inc. now owns 18,821,987 shares of the company’s stock valued at $859,977,000 after acquiring an additional 876,618 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 3.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,286,649 shares of the company’s stock valued at $828,751,000 after purchasing an additional 660,650 shares in the last quarter. Ocean Park Asset Management LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter worth about $28,012,000. Ritholtz Wealth Management grew its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 22.5% during the second quarter. Ritholtz Wealth Management now owns 1,469,111 shares of the company’s stock worth $67,124,000 after buying an additional 270,053 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the second quarter valued at approximately $11,429,000.

iShares MSCI Intl Momentum Factor ETF Stock Performance

IMTM stock opened at $49.35 on Thursday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a one year low of $35.35 and a one year high of $49.72. The company has a 50 day moving average price of $48.14 and a two-hundred day moving average price of $47.06.

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.