iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Reaches New 52-Week High – Should You Buy?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)’s share price reached a new 52-week high on Tuesday . The company traded as high as $53.74 and last traded at $53.68, with a volume of 7081 shares changing hands. The stock had previously closed at $53.40.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.5%

The business has a fifty day moving average of $52.12 and a 200-day moving average of $50.47. The firm has a market cap of $3.98 billion, a PE ratio of 17.95 and a beta of 0.81.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of IMTM. Acropolis Investment Management LLC increased its position in shares of iShares MSCI Intl Momentum Factor ETF by 1.9% during the 4th quarter. Acropolis Investment Management LLC now owns 641,150 shares of the company’s stock valued at $30,756,000 after purchasing an additional 12,064 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 26.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 53,517 shares of the company’s stock valued at $2,567,000 after acquiring an additional 11,176 shares during the period. Ritholtz Wealth Management boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 3.6% during the fourth quarter. Ritholtz Wealth Management now owns 1,593,085 shares of the company’s stock valued at $76,420,000 after purchasing an additional 55,900 shares during the period. Compound Planning Inc. bought a new stake in iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at $495,000. Finally, NorthCrest Asset Manangement LLC grew its holdings in iShares MSCI Intl Momentum Factor ETF by 16.8% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 80,421 shares of the company’s stock worth $3,983,000 after acquiring an additional 11,565 shares during the last quarter.

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.