Financial Enhancement Group LLC Makes New $2.27 Million Investment in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Financial Enhancement Group LLC purchased a new stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 55,426 shares of the company’s stock, valued at approximately $2,267,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transce3nd LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the fourth quarter valued at about $76,000. Blue Trust Inc. acquired a new position in iShares MSCI Intl Momentum Factor ETF during the 1st quarter valued at about $90,000. IFP Advisors Inc boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 456.9% in the 4th quarter. IFP Advisors Inc now owns 2,534 shares of the company’s stock valued at $95,000 after purchasing an additional 2,079 shares during the last quarter. Signaturefd LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 4th quarter worth approximately $102,000. Finally, Smithfield Trust Co grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 190.9% during the 4th quarter. Smithfield Trust Co now owns 2,953 shares of the company’s stock worth $110,000 after buying an additional 1,938 shares during the period.

iShares MSCI Intl Momentum Factor ETF Price Performance

IMTM opened at $44.84 on Wednesday. The firm has a 50 day simple moving average of $43.48 and a 200 day simple moving average of $40.62. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $34.65 and a fifty-two week high of $45.58. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 18.74 and a beta of 0.79.

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.