Segment Wealth Management LLC Buys 89,953 Shares of iShares MSCI Intl Momentum Factor ETF $IMTM

Segment Wealth Management LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the third quarter, Holdings Channel.com reports. The fund purchased 89,953 shares of the company’s stock, valued at approximately $4,734,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF during the first quarter valued at $28,000. Root Financial Partners LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter valued at $29,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the first quarter worth about $31,000. Parkside Financial Bank & Trust raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 194.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,192 shares of the company’s stock worth $64,000 after acquiring an additional 787 shares during the period. Finally, Compass Ion Advisors LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter worth about $205,000.

iShares MSCI Intl Momentum Factor ETF Stock Up 0.5%

IMTM stock opened at $50.94 on Tuesday. The company’s 50-day simple moving average is $52.91 and its 200-day simple moving average is $51.85. iShares MSCI Intl Momentum Factor ETF has a 52-week low of $45.97 and a 52-week high of $54.79. The firm has a market cap of $4.14 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.