NewEdge Advisors LLC Has $4.87 Million Position in iShares MSCI Intl Momentum Factor ETF $IMTM

NewEdge Advisors LLC increased its holdings in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 828.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,509 shares of the company’s stock after purchasing an additional 90,576 shares during the period. NewEdge Advisors LLC owned approximately 0.14% of iShares MSCI Intl Momentum Factor ETF worth $4,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its stake in iShares MSCI Intl Momentum Factor ETF by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock worth $1,096,396,000 after purchasing an additional 1,132,648 shares in the last quarter. Symmetry Partners LLC lifted its stake in iShares MSCI Intl Momentum Factor ETF by 109.6% in the fourth quarter. Symmetry Partners LLC now owns 883,958 shares of the company’s stock valued at $42,404,000 after buying an additional 462,143 shares in the last quarter. AdvisorShares Investments LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the fourth quarter valued at approximately $16,805,000. Bank of America Corp DE boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 73.8% in the third quarter. Bank of America Corp DE now owns 629,951 shares of the company’s stock valued at $30,162,000 after buying an additional 267,422 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 45.5% in the third quarter. Ameriprise Financial Inc. now owns 840,894 shares of the company’s stock valued at $40,256,000 after buying an additional 263,146 shares during the period.

iShares MSCI Intl Momentum Factor ETF Stock Up 0.3%

Shares of IMTM stock opened at $53.64 on Wednesday. iShares MSCI Intl Momentum Factor ETF has a 12-month low of $45.61 and a 12-month high of $54.39. The firm has a fifty day moving average of $52.61 and a 200-day moving average of $51.57. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

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.