World Equity Group Inc. Acquires New Shares in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

World Equity Group Inc. bought a new position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the third quarter, HoldingsChannel reports. The institutional investor bought 5,575 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC increased its holdings in iShares MSCI Intl Momentum Factor ETF by 110.8% in the 1st quarter. Private Advisor Group LLC now owns 59,306 shares of the company’s stock worth $2,327,000 after buying an additional 31,174 shares in the last quarter. Fifth Third Securities Inc. purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF during the second quarter valued at approximately $348,000. Apella Capital LLC raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 3.8% during the third quarter. Apella Capital LLC now owns 545,994 shares of the company’s stock valued at $21,796,000 after purchasing an additional 20,192 shares during the last quarter. Vantage Financial Partners LLC purchased a new stake in iShares MSCI Intl Momentum Factor ETF in the second quarter worth approximately $477,000. Finally, Financial Partners Group Inc boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 82.0% in the second quarter. Financial Partners Group Inc now owns 23,469 shares of the company’s stock worth $908,000 after purchasing an additional 10,576 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.3 %

Shares of IMTM opened at $39.07 on Tuesday. The firm has a market cap of $2.11 billion, a PE ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $31.61 and a 1-year high of $41.20. The firm has a fifty day simple moving average of $39.63 and a two-hundred day simple moving average of $39.06.

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.