iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Hits New 12-Month High – What’s Next?

Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) reached a new 52-week high during trading on Wednesday . The company traded as high as $54.41 and last traded at $54.36, with a volume of 25381 shares traded. The stock had previously closed at $53.64.

iShares MSCI Intl Momentum Factor ETF Price Performance

The firm’s fifty day moving average price is $52.61 and its 200-day moving average price is $51.57. The firm has a market capitalization of $4.32 billion, a P/E ratio of 17.95 and a beta of 0.81.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 25.1% in the 1st quarter. Royal Bank of Canada now owns 48,409 shares of the company’s stock worth $1,934,000 after buying an additional 9,717 shares in the last quarter. AQR Capital Management LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the first quarter valued at about $224,000. Jones Financial Companies Lllp bought a new position in iShares MSCI Intl Momentum Factor ETF during the first quarter valued at about $715,000. JPMorgan Chase & Co. grew its holdings in iShares MSCI Intl Momentum Factor ETF by 60.4% during the second quarter. JPMorgan Chase & Co. now owns 85,359 shares of the company’s stock worth $3,900,000 after acquiring an additional 32,134 shares during the period. Finally, Cerity Partners LLC grew its holdings in iShares MSCI Intl Momentum Factor ETF by 2.2% during the second quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock worth $574,000 after acquiring an additional 265 shares during the period.

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.