iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Stock Price Down 0.8% – Should You Sell?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)’s stock price dropped 0.8% during mid-day trading on Monday . The stock traded as low as $51.45 and last traded at $51.75. Approximately 346,062 shares changed hands during trading, a decline of 41% from the average session volume of 586,321 shares. The stock had previously closed at $52.17.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The company has a market capitalization of $4.10 billion, a PE ratio of 17.95 and a beta of 0.80. The stock has a fifty day moving average of $52.66 and a 200 day moving average of $51.36.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

Hedge funds have recently modified their holdings of the stock. Acropolis Investment Management LLC grew its position in 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 worth $30,756,000 after acquiring an additional 12,064 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 26.4% in the 4th 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 last quarter. Ritholtz Wealth Management lifted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 3.6% in the 4th quarter. Ritholtz Wealth Management now owns 1,593,085 shares of the company’s stock valued at $76,420,000 after purchasing an additional 55,900 shares during the last quarter. UBS Group AG boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 6.2% in the 4th quarter. UBS Group AG now owns 549,089 shares of the company’s stock worth $26,340,000 after purchasing an additional 32,275 shares during the period. Finally, Rollins Financial Advisors LLC boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 157.2% in the 4th quarter. Rollins Financial Advisors LLC now owns 16,388 shares of the company’s stock worth $786,000 after purchasing an additional 10,017 shares during the period.

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.