Ritholtz Wealth Management Purchases 129,644 Shares of iShares MSCI Intl Momentum Factor ETF $IMTM

Ritholtz Wealth Management lifted its position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,722,729 shares of the company’s stock after buying an additional 129,644 shares during the period. iShares MSCI Intl Momentum Factor ETF comprises 1.4% of Ritholtz Wealth Management’s investment portfolio, making the stock its 14th largest position. Ritholtz Wealth Management’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $82,725,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IMTM. Mercer Global Advisors Inc. ADV boosted its stake in iShares MSCI Intl Momentum Factor ETF by 5.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock worth $1,096,396,000 after buying an additional 1,132,648 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,865,565 shares of the company’s stock worth $983,941,000 after acquiring an additional 768,834 shares in the last quarter. Morgan Stanley lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 18.1% in the 4th quarter. Morgan Stanley now owns 1,289,410 shares of the company’s stock worth $61,853,000 after acquiring an additional 197,707 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 29.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,020,555 shares of the company’s stock worth $48,956,000 after acquiring an additional 231,394 shares during the last quarter. Finally, Symmetry Partners LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 109.6% in the 4th quarter. Symmetry Partners LLC now owns 883,958 shares of the company’s stock valued at $42,404,000 after purchasing an additional 462,143 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Performance

IMTM stock opened at $52.25 on Thursday. iShares MSCI Intl Momentum Factor ETF has a 52 week low of $44.32 and a 52 week high of $54.39. The firm’s fifty day moving average is $52.52 and its 200 day moving average is $50.72. The firm has a market cap of $3.88 billion, a P/E ratio of 17.95 and a beta of 0.81.

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.