SouthState Bank Corp Cuts Position in iShares MSCI Intl Momentum Factor ETF $IMTM

SouthState Bank Corp trimmed its stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 79.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,418 shares of the company’s stock after selling 12,900 shares during the quarter. SouthState Bank Corp’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $164,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. CENTRAL TRUST Co purchased a new position in iShares MSCI Intl Momentum Factor ETF in the second quarter valued at about $25,000. Allworth Financial LP boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 121.8% in the 2nd quarter. Allworth Financial LP now owns 865 shares of the company’s stock valued at $40,000 after buying an additional 475 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 2nd quarter worth approximately $60,000. CX Institutional bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter worth approximately $70,000. Finally, American Capital Advisory LLC raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 99.9% during the 3rd quarter. American Capital Advisory LLC now owns 1,885 shares of the company’s stock worth $90,000 after acquiring an additional 942 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Up 2.8%

Shares of IMTM opened at $51.29 on Friday. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a twelve month low of $35.35 and a twelve month high of $51.91. The company has a 50 day moving average of $49.35 and a two-hundred day moving average of $47.87.

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.