Northwestern Mutual Wealth Management Co. trimmed its stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Free Report) by 94.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 40,146 shares of the company’s stock after selling 749,015 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $1,926,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in 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 in the last quarter. AQR Capital Management LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF in the first quarter worth $224,000. Jones Financial Companies Lllp acquired a new position in iShares MSCI Intl Momentum Factor ETF in the first quarter worth $715,000. JPMorgan Chase & Co. boosted its stake in iShares MSCI Intl Momentum Factor ETF by 60.4% in the second quarter. JPMorgan Chase & Co. now owns 85,359 shares of the company’s stock worth $3,900,000 after purchasing an additional 32,134 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in iShares MSCI Intl Momentum Factor ETF by 2.2% in the second quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock worth $574,000 after purchasing an additional 265 shares in the last quarter.
iShares MSCI Intl Momentum Factor ETF Stock Performance
iShares MSCI Intl Momentum Factor ETF stock opened at $53.43 on Wednesday. The firm has a market cap of $3.96 billion, a P/E ratio of 17.95 and a beta of 0.81. The business’s fifty day moving average is $50.72 and its two-hundred day moving average is $49.97. iShares MSCI Intl Momentum Factor ETF has a 52 week low of $43.64 and a 52 week high of $53.60.
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.
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