Truist Financial Corp Buys New Position in iShares MSCI Intl Momentum Factor ETF $IMTM

Truist Financial Corp bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,935 shares of the company’s stock, valued at approximately $2,029,000. Truist Financial Corp owned 0.06% of iShares MSCI Intl Momentum Factor ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IMTM. Royal Bank of Canada boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 25.1% during the 1st quarter. Royal Bank of Canada now owns 48,409 shares of the company’s stock valued at $1,934,000 after acquiring an additional 9,717 shares during the period. AQR Capital Management LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF during the 1st quarter valued at about $224,000. Jones Financial Companies Lllp purchased a new position in iShares MSCI Intl Momentum Factor ETF during the 1st quarter valued at about $715,000. JPMorgan Chase & Co. boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 60.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 85,359 shares of the company’s stock valued at $3,900,000 after acquiring an additional 32,134 shares during the period. Finally, Cerity Partners LLC boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 2.2% during the 2nd quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock valued at $574,000 after acquiring an additional 265 shares during the period.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of IMTM opened at $53.34 on Thursday. The stock has a 50-day simple moving average of $50.14 and a 200-day simple moving average of $49.67. The stock has a market capitalization of $3.96 billion, a PE ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $42.67 and a 1 year high of $53.35.

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.