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

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $53.22 and last traded at $53.17, with a volume of 171968 shares. The stock had previously closed at $52.78.

iShares MSCI Intl Momentum Factor ETF Price Performance

The firm has a 50-day simple moving average of $50.11 and a two-hundred day simple moving average of $49.62. The company has a market cap of $3.95 billion, a PE ratio of 17.95 and a beta of 0.81.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

Hedge funds have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter valued at $2,985,000. Acropolis Investment Management LLC grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 1.9% in the fourth quarter. Acropolis Investment Management LLC now owns 641,150 shares of the company’s stock valued at $30,756,000 after purchasing an additional 12,064 shares during the period. Commonwealth Equity Services LLC grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 25.7% in the third quarter. Commonwealth Equity Services LLC now owns 140,697 shares of the company’s stock valued at $6,737,000 after purchasing an additional 28,777 shares during the period. Capital Investment Advisory Services LLC grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 26.4% in the fourth quarter. Capital Investment Advisory Services LLC now owns 53,517 shares of the company’s stock valued at $2,567,000 after purchasing an additional 11,176 shares during the period. Finally, Compound Planning Inc. purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter valued at $495,000.

iShares MSCI Intl Momentum Factor ETF Company 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.