Sequoia Financial Advisors LLC Sells 19,273 Shares of iShares MSCI Intl Momentum Factor ETF $IMTM

Sequoia Financial Advisors LLC lessened its position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 204,800 shares of the company’s stock after selling 19,273 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $9,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IMTM. Mercer Global Advisors Inc. ADV increased its holdings in iShares MSCI Intl Momentum Factor ETF by 5.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 21,723,174 shares of the company’s stock worth $1,040,105,000 after acquiring an additional 1,095,537 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in iShares MSCI Intl Momentum Factor ETF by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,096,731 shares of the company’s stock worth $911,869,000 after acquiring an additional 810,082 shares during the period. Symmetry Partners LLC increased its holdings in iShares MSCI Intl Momentum Factor ETF by 109.6% during the 4th quarter. Symmetry Partners LLC now owns 883,958 shares of the company’s stock worth $42,404,000 after acquiring an additional 462,143 shares during the period. Bank of America Corp DE increased its holdings in iShares MSCI Intl Momentum Factor ETF by 73.8% during the 3rd quarter. Bank of America Corp DE now owns 629,951 shares of the company’s stock worth $30,162,000 after acquiring an additional 267,422 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in iShares MSCI Intl Momentum Factor ETF by 45.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 840,894 shares of the company’s stock worth $40,256,000 after acquiring an additional 263,146 shares during the period.

iShares MSCI Intl Momentum Factor ETF Trading Down 1.8%

iShares MSCI Intl Momentum Factor ETF stock opened at $52.01 on Friday. The firm’s 50 day simple moving average is $50.12 and its 200 day simple moving average is $49.51. The firm has a market capitalization of $3.86 billion, a PE ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $42.59 and a 1-year high of $53.21.

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.