Sequoia Financial Advisors LLC Invests $16.91 Million in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Sequoia Financial Advisors LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 452,125 shares of the company’s stock, valued at approximately $16,909,000.

Several other large investors have also recently made changes to their positions in the stock. Ritholtz Wealth Management raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.5% in the 4th quarter. Ritholtz Wealth Management now owns 907,373 shares of the company’s stock worth $33,936,000 after acquiring an additional 39,341 shares in the last quarter. Acropolis Investment Management LLC raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.2% in the 4th quarter. Acropolis Investment Management LLC now owns 593,044 shares of the company’s stock worth $22,180,000 after acquiring an additional 23,677 shares in the last quarter. FMR LLC raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 10.3% in the 3rd quarter. FMR LLC now owns 486,796 shares of the company’s stock worth $19,657,000 after acquiring an additional 45,438 shares in the last quarter. Armbruster Capital Management Inc. raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 2.2% in the 4th quarter. Armbruster Capital Management Inc. now owns 424,760 shares of the company’s stock worth $15,886,000 after acquiring an additional 9,217 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its position in iShares MSCI Intl Momentum Factor ETF by 4.1% during the 4th quarter. Kathmere Capital Management LLC now owns 397,824 shares of the company’s stock valued at $14,879,000 after buying an additional 15,771 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of NYSEARCA:IMTM opened at $40.04 on Thursday. The business’s 50-day moving average is $39.20 and its 200 day moving average is $39.19. 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 $2.39 billion, a P/E ratio of 20.52 and a beta of 0.80.

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.