iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Reaches New 52-Week High – What’s Next?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.23 and last traded at $41.09, with a volume of 217585 shares changing hands. The stock had previously closed at $40.84.

iShares MSCI Intl Momentum Factor ETF Trading Down 0.5 %

The company’s fifty day simple moving average is $39.61 and its 200-day simple moving average is $39.23. The stock has a market cap of $2.42 billion, a P/E ratio of 20.52 and a beta of 0.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Transce3nd LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the fourth quarter worth $76,000. IFP Advisors Inc raised its stake in iShares MSCI Intl Momentum Factor ETF by 456.9% during the fourth quarter. IFP Advisors Inc now owns 2,534 shares of the company’s stock worth $95,000 after acquiring an additional 2,079 shares in the last quarter. Signaturefd LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the fourth quarter valued at approximately $102,000. Smithfield Trust Co increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 190.9% in the fourth quarter. Smithfield Trust Co now owns 2,953 shares of the company’s stock valued at $110,000 after buying an additional 1,938 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4,503.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,637 shares of the company’s stock valued at $136,000 after buying an additional 3,558 shares during the period.

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.