iShares MSCI Intl Momentum Factor ETF $IMTM Stock: Straight Path Wealth Management Increases Stake

Straight Path Wealth Management increased its position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,706 shares of the company’s stock after acquiring an additional 14,967 shares during the quarter. iShares MSCI Intl Momentum Factor ETF comprises approximately 3.7% of Straight Path Wealth Management’s holdings, making the stock its 7th biggest position. Straight Path Wealth Management owned about 0.39% of iShares MSCI Intl Momentum Factor ETF worth $16,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Ion Advisors LLC bought a new position in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter worth approximately $205,000. Family Capital Trust Co bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at $14,162,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at $9,288,000. Root Financial Partners LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at $29,000. Finally, Fifth Third Securities Inc. purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at $1,028,000.

iShares MSCI Intl Momentum Factor ETF Stock Performance

IMTM opened at $50.68 on Monday. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The firm’s fifty day moving average is $52.98 and its 200 day moving average is $52.65. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $45.97 and a fifty-two week high of $54.79.

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.