Riversedge Advisors LLC Buys 132,640 Shares of iShares MSCI Intl Momentum Factor ETF $IMTM

Riversedge Advisors LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 132,640 shares of the company’s stock, valued at approximately $6,981,000. iShares MSCI Intl Momentum Factor ETF accounts for about 0.9% of Riversedge Advisors LLC’s portfolio, making the stock its 24th biggest position. Riversedge Advisors LLC owned about 0.16% of iShares MSCI Intl Momentum Factor ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Western Wealth Management LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF during the first quarter valued at $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF in the first quarter worth about $31,000. Parkside Financial Bank & Trust grew its position in iShares MSCI Intl Momentum Factor ETF by 194.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,192 shares of the company’s stock valued at $64,000 after buying an additional 787 shares in the last quarter. Sankala Group LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at about $82,000. Finally, Portfolio Resources Advisor Group Inc. acquired a new position in iShares MSCI Intl Momentum Factor ETF during the 4th quarter valued at about $126,000.

iShares MSCI Intl Momentum Factor ETF Stock Up 0.3%

iShares MSCI Intl Momentum Factor ETF stock traded up $0.18 during trading hours on Friday, hitting $52.22. 42,572 shares of the company traded hands, compared to its average volume of 513,392. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $45.97 and a 1-year high of $54.79. The firm has a market cap of $4.24 billion, a P/E ratio of 17.95 and a beta of 0.81. The firm’s 50-day simple moving average is $53.36 and its two-hundred day simple moving average is $52.36.

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.