Ackerman Capital Advisors LLC Reduces Holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Ackerman Capital Advisors LLC reduced its holdings in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,105 shares of the company’s stock after selling 447 shares during the period. Ackerman Capital Advisors LLC’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Creative Planning raised its holdings in iShares MSCI Intl Momentum Factor ETF by 9.6% in the 3rd quarter. Creative Planning now owns 7,662 shares of the company’s stock worth $309,000 after purchasing an additional 669 shares during the period. Strategic Blueprint LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 81.7% during the 3rd quarter. Strategic Blueprint LLC now owns 11,861 shares of the company’s stock valued at $479,000 after acquiring an additional 5,333 shares during the period. Focus Financial Network Inc. purchased a new stake in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter worth approximately $4,975,000. Creative Financial Designs Inc. ADV increased its holdings in iShares MSCI Intl Momentum Factor ETF by 10.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 60,910 shares of the company’s stock worth $2,460,000 after acquiring an additional 5,763 shares in the last quarter. Finally, Financial Freedom LLC raised its stake in iShares MSCI Intl Momentum Factor ETF by 152.2% during the 3rd quarter. Financial Freedom LLC now owns 94,379 shares of the company’s stock worth $3,811,000 after acquiring an additional 56,951 shares during the period.

iShares MSCI Intl Momentum Factor ETF Price Performance

IMTM opened at $40.09 on Wednesday. The company has a 50 day simple moving average of $38.67 and a two-hundred day simple moving average of $39.11. The firm has a market cap of $2.16 billion, a P/E ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $34.65 and a 1-year high of $41.20.

iShares MSCI Intl Momentum Factor ETF Company 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.