Straight Path Wealth Management Has $9.12 Million Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Straight Path Wealth Management increased its position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 3.9% in the third quarter, HoldingsChannel reports. The firm owned 225,842 shares of the company’s stock after acquiring an additional 8,449 shares during the period. iShares MSCI Intl Momentum Factor ETF accounts for about 3.9% of Straight Path Wealth Management’s investment portfolio, making the stock its 6th biggest holding. Straight Path Wealth Management’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $9,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Securities Inc. acquired a new position in iShares MSCI Intl Momentum Factor ETF in the 2nd quarter worth approximately $348,000. Apella Capital LLC raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 3.8% during the 3rd 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 in the last quarter. Creative Planning raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 9.6% during the 3rd quarter. Creative Planning now owns 7,662 shares of the company’s stock valued at $309,000 after purchasing an additional 669 shares in the last quarter. Vantage Financial Partners LLC bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 2nd quarter valued at $477,000. Finally, Financial Partners Group Inc raised its holdings in iShares MSCI Intl Momentum Factor ETF by 82.0% in the 2nd quarter. Financial Partners Group Inc now owns 23,469 shares of the company’s stock worth $908,000 after acquiring an additional 10,576 shares during the period.

iShares MSCI Intl Momentum Factor ETF Trading Down 0.2 %

IMTM traded down $0.07 during trading on Friday, hitting $38.29. The stock had a trading volume of 478,894 shares, compared to its average volume of 261,736. The firm has a market cap of $2.07 billion, a PE ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $32.68 and a 12 month high of $41.20. The company has a 50 day simple moving average of $39.49 and a 200-day simple moving average of $39.10.

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.