Arizona PSPRS Trust Makes New Investment in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Arizona PSPRS Trust acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,100 shares of the company’s stock, valued at approximately $228,000. iShares MSCI Intl Momentum Factor ETF comprises about 0.0% of Arizona PSPRS Trust’s portfolio, making the stock its 22nd largest position.

A number of other institutional investors have also made changes to their positions in the stock. IFP Advisors Inc lifted its position in iShares MSCI Intl Momentum Factor ETF by 456.9% during the 4th quarter. IFP Advisors Inc now owns 2,534 shares of the company’s stock worth $95,000 after acquiring an additional 2,079 shares during the last quarter. Signaturefd LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 4th quarter worth about $102,000. Smithfield Trust Co boosted its stake in iShares MSCI Intl Momentum Factor ETF by 190.9% during the 4th quarter. Smithfield Trust Co now owns 2,953 shares of the company’s stock valued at $110,000 after purchasing an additional 1,938 shares during the period. Toronto Dominion Bank acquired a new stake in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at approximately $142,000. Finally, EP Wealth Advisors LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter worth approximately $153,000.

iShares MSCI Intl Momentum Factor ETF Trading Down 6.9 %

IMTM opened at $36.78 on Friday. The business has a 50 day moving average of $40.05 and a 200-day moving average of $39.31. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 19.24 and a beta of 0.80. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $34.65 and a 1-year high of $41.23.

iShares MSCI Intl Momentum Factor ETF 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.