iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sets New 1-Year High – What’s Next?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) shares reached a new 52-week high on Monday . The company traded as high as $52.86 and last traded at $52.71, with a volume of 12780 shares changing hands. The stock had previously closed at $52.56.

iShares MSCI Intl Momentum Factor ETF Price Performance

The firm’s fifty day moving average is $50.19 and its two-hundred day moving average is $48.47. The firm has a market capitalization of $3.88 billion, a PE ratio of 17.95 and a beta of 0.81.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IMTM. Royal Bank of Canada grew its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 25.1% in the first quarter. Royal Bank of Canada now owns 48,409 shares of the company’s stock worth $1,934,000 after purchasing an additional 9,717 shares during the last quarter. AQR Capital Management LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth $224,000. Jones Financial Companies Lllp bought a new stake in iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth $715,000. Bessemer Group Inc. purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the second quarter valued at about $109,000. Finally, Atria Investments Inc raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 1.2% during the second quarter. Atria Investments Inc now owns 102,057 shares of the company’s stock valued at $4,663,000 after acquiring an additional 1,188 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.