iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Strong Trading Volume – Here’s What Happened

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw unusually-strong trading volume on Friday . Approximately 954,727 shares traded hands during trading, an increase of 180% from the previous session’s volume of 340,601 shares.The stock last traded at $43.07 and had previously closed at $42.96.

iShares MSCI Intl Momentum Factor ETF Price Performance

The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 18.67 and a beta of 0.80. The firm has a fifty day simple moving average of $40.42 and a 200 day simple moving average of $39.43.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

A number of institutional investors have recently added to or reduced their stakes in IMTM. Kathmere Capital Management LLC increased its stake in iShares MSCI Intl Momentum Factor ETF by 4.1% during the 4th quarter. Kathmere Capital Management LLC now owns 397,824 shares of the company’s stock worth $14,879,000 after buying an additional 15,771 shares in the last quarter. Acropolis Investment Management LLC lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 4.2% in the 4th quarter. Acropolis Investment Management LLC now owns 593,044 shares of the company’s stock valued at $22,180,000 after purchasing an additional 23,677 shares in the last quarter. Ritholtz Wealth Management boosted its stake in iShares MSCI Intl Momentum Factor ETF by 4.5% during the 4th quarter. Ritholtz Wealth Management now owns 907,373 shares of the company’s stock worth $33,936,000 after purchasing an additional 39,341 shares during the last quarter. Occidental Asset Management LLC grew its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 2.0% during the fourth quarter. Occidental Asset Management LLC now owns 70,797 shares of the company’s stock worth $2,648,000 after buying an additional 1,398 shares in the last quarter. Finally, Financial Freedom LLC raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 28.8% in the fourth quarter. Financial Freedom LLC now owns 121,544 shares of the company’s stock valued at $4,546,000 after buying an additional 27,165 shares during 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.