iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Reaches New 1-Year High – Should You Buy?

Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) reached a new 52-week high during trading on Tuesday . The company traded as high as $48.25 and last traded at $48.11, with a volume of 213913 shares. The stock had previously closed at $48.16.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The business has a fifty day moving average price of $46.82 and a 200 day moving average price of $44.35. The company has a market capitalization of $3.39 billion, a PE ratio of 17.95 and a beta of 0.78.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. NorthCrest Asset Manangement LLC boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 69.4% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 61,588 shares of the company’s stock worth $2,460,000 after acquiring an additional 25,228 shares during the period. Armbruster Capital Management Inc. lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 2.5% during the first quarter. Armbruster Capital Management Inc. now owns 435,527 shares of the company’s stock worth $17,395,000 after purchasing an additional 10,767 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 32.1% in the first quarter. Ritholtz Wealth Management now owns 1,199,058 shares of the company’s stock valued at $47,890,000 after purchasing an additional 291,685 shares during the period. RHS Financial LLC increased its stake in iShares MSCI Intl Momentum Factor ETF by 7.1% during the 1st quarter. RHS Financial LLC now owns 64,997 shares of the company’s stock worth $2,596,000 after buying an additional 4,292 shares during the period. Finally, Acropolis Investment Management LLC lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 0.4% in the 1st quarter. Acropolis Investment Management LLC now owns 595,567 shares of the company’s stock worth $23,787,000 after buying an additional 2,523 shares in the last quarter.

About iShares MSCI Intl Momentum Factor ETF

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.