Avidian Wealth Solutions LLC Cuts Holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Avidian Wealth Solutions LLC reduced its position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 21.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,951 shares of the company’s stock after selling 4,131 shares during the period. Avidian Wealth Solutions LLC’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $513,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 3.9% during the 3rd quarter. Bell Investment Advisors Inc now owns 12,377 shares of the company’s stock valued at $390,000 after acquiring an additional 466 shares during the last quarter. Professional Financial Advisors LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 1.8% in the 4th quarter. Professional Financial Advisors LLC now owns 27,135 shares of the company’s stock worth $930,000 after buying an additional 485 shares in the last quarter. MorganRosel Wealth Management LLC increased its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 1.8% in the 3rd quarter. MorganRosel Wealth Management LLC now owns 50,457 shares of the company’s stock worth $1,588,000 after buying an additional 885 shares during the last quarter. M&T Bank Corp raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 13.8% during the 3rd quarter. M&T Bank Corp now owns 7,564 shares of the company’s stock valued at $238,000 after buying an additional 916 shares in the last quarter. Finally, Occidental Asset Management LLC lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 1.5% in the 4th quarter. Occidental Asset Management LLC now owns 67,697 shares of the company’s stock valued at $2,321,000 after acquiring an additional 1,023 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Up 0.8 %

IMTM traded up $0.29 on Monday, hitting $38.69. The company had a trading volume of 340,515 shares, compared to its average volume of 225,757. The business’s fifty day simple moving average is $38.25 and its 200 day simple moving average is $35.43. iShares MSCI Intl Momentum Factor ETF has a 12-month low of $30.38 and a 12-month high of $39.36. The company has a market cap of $2.05 billion, a PE ratio of 13.41 and a beta of 0.79.

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.