iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Hits New 12-Month High – What’s Next?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) reached a new 52-week high on Tuesday . The stock traded as high as $53.74 and last traded at $53.68, with a volume of 7081 shares trading hands. The stock had previously closed at $53.40.

iShares MSCI Intl Momentum Factor ETF Price Performance

The company has a 50 day moving average of $52.12 and a two-hundred day moving average of $50.47. The company has a market capitalization of $3.98 billion, a PE ratio of 17.95 and a beta of 0.81.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV boosted its stake in iShares MSCI Intl Momentum Factor ETF by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock worth $1,096,396,000 after acquiring an additional 1,132,648 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,865,565 shares of the company’s stock valued at $983,941,000 after purchasing an additional 768,834 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 8.1% during the first quarter. Ritholtz Wealth Management now owns 1,722,729 shares of the company’s stock valued at $82,725,000 after purchasing an additional 129,644 shares in the last quarter. Morgan Stanley lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 18.1% during the fourth quarter. Morgan Stanley now owns 1,289,410 shares of the company’s stock valued at $61,853,000 after purchasing an additional 197,707 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 29.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,020,555 shares of the company’s stock valued at $48,956,000 after purchasing an additional 231,394 shares during the last quarter.

About iShares MSCI Intl Momentum Factor ETF

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.