494,486 Shares of iShares MSCI Intl Momentum Factor ETF $IMTM Purchased by Shore Point Advisors LLC

Shore Point Advisors LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 494,486 shares of the company’s stock, valued at approximately $26,025,000. iShares MSCI Intl Momentum Factor ETF comprises 6.7% of Shore Point Advisors LLC’s portfolio, making the stock its 4th biggest holding. Shore Point Advisors LLC owned 0.61% of iShares MSCI Intl Momentum Factor ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its stake in iShares MSCI Intl Momentum Factor ETF by 8.1% during the 1st quarter. Ritholtz Wealth Management now owns 1,722,729 shares of the company’s stock worth $82,725,000 after acquiring an additional 129,644 shares in the last quarter. Bank of America Corp DE grew its position in iShares MSCI Intl Momentum Factor ETF by 3.4% in the 1st 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 in the last quarter. Envestnet Asset Management Inc. grew its position in iShares MSCI Intl Momentum Factor ETF by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 672,511 shares of the company’s stock valued at $35,865,000 after acquiring an additional 66,596 shares in the last quarter. Acropolis Investment Management LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at about $33,975,000. Finally, Janney Montgomery Scott LLC increased its stake in iShares MSCI Intl Momentum Factor ETF by 4.8% during the first quarter. Janney Montgomery Scott LLC now owns 478,848 shares of the company’s stock worth $22,994,000 after purchasing an additional 22,111 shares during the period.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of IMTM traded down $0.61 during mid-day trading on Wednesday, hitting $51.66. 129,857 shares of the company’s stock were exchanged, compared to its average volume of 511,316. The stock’s 50-day moving average is $53.35 and its 200-day moving average is $52.46. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $45.97 and a fifty-two week high of $54.79. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

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.