iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) is Armbruster Capital Management Inc.’s 8th Largest Position

Armbruster Capital Management Inc. boosted its holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 424,760 shares of the company’s stock after buying an additional 9,217 shares during the period. iShares MSCI Intl Momentum Factor ETF accounts for approximately 3.2% of Armbruster Capital Management Inc.’s holdings, making the stock its 8th biggest position. Armbruster Capital Management Inc. owned about 0.79% of iShares MSCI Intl Momentum Factor ETF worth $15,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp increased its position in iShares MSCI Intl Momentum Factor ETF by 4.1% during the third quarter. Stifel Financial Corp now owns 8,242 shares of the company’s stock valued at $333,000 after acquiring an additional 323 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 1.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 25,819 shares of the company’s stock valued at $1,043,000 after acquiring an additional 335 shares in the last quarter. Opes Wealth Management LLC lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 0.4% in the 3rd quarter. Opes Wealth Management LLC now owns 119,512 shares of the company’s stock worth $4,826,000 after purchasing an additional 451 shares during the period. Bfsg LLC purchased a new stake in iShares MSCI Intl Momentum Factor ETF during the third quarter worth $26,000. Finally, Creative Planning boosted its position in iShares MSCI Intl Momentum Factor ETF by 9.6% during the third 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.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of NYSEARCA:IMTM opened at $39.23 on Monday. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $34.65 and a 1 year high of $41.20. The firm has a market capitalization of $2.12 billion, a P/E ratio of 13.86 and a beta of 0.81. The business’s 50-day moving average is $38.35 and its 200 day moving average is $38.90.

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.