iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sets New 52-Week High – Time to Buy?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $51.76 and last traded at $51.71, with a volume of 606768 shares traded. The stock had previously closed at $50.69.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The firm’s 50 day simple moving average is $48.96 and its 200-day simple moving average is $47.63. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Acropolis Investment Management LLC lifted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.6% in the 3rd quarter. Acropolis Investment Management LLC now owns 629,086 shares of the company’s stock valued at $28,743,000 after purchasing an additional 27,607 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 959.4% during the second quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock valued at $51,000 after buying an additional 1,017 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 25.7% during the third quarter. Commonwealth Equity Services LLC now owns 140,697 shares of the company’s stock valued at $6,737,000 after buying an additional 28,777 shares during the last quarter. Archvest Wealth Advisors Inc. grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 5.8% in the 2nd quarter. Archvest Wealth Advisors Inc. now owns 172,039 shares of the company’s stock worth $7,860,000 after acquiring an additional 9,407 shares in the last quarter. Finally, Financial Partners Group Inc boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 33.9% in the 3rd quarter. Financial Partners Group Inc now owns 125,402 shares of the company’s stock worth $6,004,000 after buying an additional 31,758 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.