Financial Partners Group Inc Grows Stake in iShares MSCI Intl Momentum Factor ETF $IMTM

Financial Partners Group Inc raised its stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 44.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,723 shares of the company’s stock after purchasing an additional 55,321 shares during the quarter. iShares MSCI Intl Momentum Factor ETF comprises about 1.1% of Financial Partners Group Inc’s investment portfolio, making the stock its 26th biggest position. Financial Partners Group Inc owned 0.24% of iShares MSCI Intl Momentum Factor ETF worth $9,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in iShares MSCI Intl Momentum Factor ETF in the fourth quarter valued at about $27,000. MAI Capital Management raised its position in iShares MSCI Intl Momentum Factor ETF by 245.1% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 478 shares during the period. CWM LLC raised its position in iShares MSCI Intl Momentum Factor ETF by 872.9% in the fourth quarter. CWM LLC now owns 827 shares of the company’s stock valued at $40,000 after purchasing an additional 742 shares during the period. CX Institutional purchased a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter valued at about $70,000. Finally, Geneos Wealth Management Inc. raised its position in iShares MSCI Intl Momentum Factor ETF by 368.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,640 shares of the company’s stock valued at $79,000 after purchasing an additional 1,290 shares during the period.

iShares MSCI Intl Momentum Factor ETF Price Performance

NYSEARCA:IMTM opened at $52.79 on Friday. The business’s 50-day moving average is $50.12 and its two-hundred day moving average is $49.51. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $42.59 and a 12 month high of $53.21. The firm has a market capitalization of $3.92 billion, a PE 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.