Wealth Enhancement Trust Services Inc. lifted its holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Free Report) by 21.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,583 shares of the company’s stock after purchasing an additional 36,059 shares during the quarter. iShares MSCI Intl Momentum Factor ETF accounts for about 1.1% of Wealth Enhancement Trust Services Inc.’s investment portfolio, making the stock its 16th biggest holding. Wealth Enhancement Trust Services Inc.’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $10,820,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ritholtz Wealth Management boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 8.1% during the first quarter. Ritholtz Wealth Management now owns 1,722,729 shares of the company’s stock valued at $82,725,000 after buying an additional 129,644 shares during the last quarter. Bank of America Corp DE raised its position in iShares MSCI Intl Momentum Factor ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock worth $35,161,000 after buying an additional 23,744 shares during the last quarter. Envestnet Asset Management Inc. raised its position in iShares MSCI Intl Momentum Factor ETF by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 672,511 shares of the company’s stock worth $35,865,000 after buying an additional 66,596 shares during the last quarter. Janney Montgomery Scott LLC raised its position in iShares MSCI Intl Momentum Factor ETF by 4.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 478,848 shares of the company’s stock worth $22,994,000 after buying an additional 22,111 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its stake in iShares MSCI Intl Momentum Factor ETF by 3.5% during the 4th quarter. Great Valley Advisor Group Inc. now owns 464,532 shares of the company’s stock valued at $22,283,000 after acquiring an additional 15,668 shares during the period.
iShares MSCI Intl Momentum Factor ETF Stock Down 1.8%
Shares of NYSEARCA IMTM traded down $0.97 during trading on Wednesday, reaching $52.40. 489,141 shares of the company traded hands, compared to its average volume of 516,756. The firm has a 50 day simple moving average of $53.33 and a 200-day simple moving average of $52.29. The stock has a market capitalization of $4.25 billion, a PE ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 52-week low of $45.97 and a 52-week high of $54.79.
iShares MSCI Intl Momentum Factor ETF 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.
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