Bell Investment Advisors Inc Trims Stock Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Bell Investment Advisors Inc decreased its position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 38.4% in the third quarter, Holdings Channel reports. The firm owned 7,652 shares of the company’s stock after selling 4,770 shares during the period. Bell Investment Advisors Inc’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IMTM. O Shaughnessy Asset Management LLC raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 389.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,307 shares of the company’s stock valued at $130,000 after acquiring an additional 2,632 shares in the last quarter. Comerica Bank lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 45.5% in the 1st quarter. Comerica Bank now owns 11,167 shares of the company’s stock worth $438,000 after purchasing an additional 3,492 shares during the period. Cetera Investment Advisers lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 443.0% in the 1st quarter. Cetera Investment Advisers now owns 147,657 shares of the company’s stock worth $5,793,000 after purchasing an additional 120,464 shares during the period. Cetera Advisors LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 103.9% during the first quarter. Cetera Advisors LLC now owns 21,102 shares of the company’s stock valued at $828,000 after purchasing an additional 10,754 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in iShares MSCI Intl Momentum Factor ETF by 12.2% during the second quarter. Park Avenue Securities LLC now owns 15,698 shares of the company’s stock valued at $607,000 after buying an additional 1,709 shares during the period.

iShares MSCI Intl Momentum Factor ETF Stock Performance

iShares MSCI Intl Momentum Factor ETF stock traded up $0.26 during mid-day trading on Wednesday, reaching $38.80. 6,877 shares of the company were exchanged, compared to its average volume of 263,917. The firm has a market cap of $2.10 billion, a P/E ratio of 13.86 and a beta of 0.81. The business has a fifty day moving average of $39.43 and a 200 day moving average of $39.12. iShares MSCI Intl Momentum Factor ETF has a 12-month low of $33.29 and a 12-month high of $41.20.

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.