Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) Shares Down 1.3% – Here’s Why

Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM)’s stock price traded down 1.3% during mid-day trading on Friday . The stock traded as low as $41.33 and last traded at $41.38. 3,603 shares were traded during trading, a decline of 82% from the average daily volume of 19,587 shares. The stock had previously closed at $41.94.

Alpha Architect International Quantitative Momentum ETF Stock Down 1.3%

The firm has a market capitalization of $158.49 million, a PE ratio of 23.34 and a beta of 0.95. The company has a 50-day moving average of $41.71 and a 200 day moving average of $42.78.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Worth Asset Management LLC purchased a new position in shares of Alpha Architect International Quantitative Momentum ETF during the first quarter worth about $403,000. Sankala Group LLC purchased a new stake in Alpha Architect International Quantitative Momentum ETF in the fourth quarter valued at approximately $353,000. Baker Boyer National Bank raised its stake in Alpha Architect International Quantitative Momentum ETF by 2.4% in the fourth quarter. Baker Boyer National Bank now owns 84,952 shares of the company’s stock valued at $3,238,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Alpha Architect International Quantitative Momentum ETF during the third quarter valued at approximately $777,000.

About Alpha Architect International Quantitative Momentum ETF

The Alpha Architect International Quantitative Momentum ETF (IMOM) is an exchange-traded fund that mostly invests in total market equity. The fund is an active, equal-weighted portfolio of developed-market ex-North America stocks, screened for their strong and consistent momentum. IMOM was launched on Dec 23, 2015 and is issued by Alpha Architect.