1,865,577 Shares of iShares MSCI Intl Momentum Factor ETF $IMTM Bought by Ritholtz Wealth Management

Ritholtz Wealth Management acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the 3rd quarter, Holdings Channel reports. The firm acquired 1,865,577 shares of the company’s stock, valued at approximately $98,185,000. iShares MSCI Intl Momentum Factor ETF accounts for about 1.4% of Ritholtz Wealth Management’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of IMTM. DecisionPoint Financial LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at about $29,000. Root Financial Partners LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the third quarter worth about $29,000. Western Wealth Management LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the first quarter worth about $28,000. Compass Financial Management LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF during the third quarter worth approximately $39,000. Finally, Elevate Wealth Advisory Inc. acquired a new position in iShares MSCI Intl Momentum Factor ETF during the third quarter worth approximately $39,000.

iShares MSCI Intl Momentum Factor ETF Stock Up 1.3%

Shares of NYSEARCA IMTM opened at $50.63 on Thursday. The business’s 50 day moving average price is $52.17 and its two-hundred day moving average price is $51.89. The company has a market cap of $4.16 billion, a PE ratio of 17.95 and a beta of 0.82. iShares MSCI Intl Momentum Factor ETF has a twelve month low of $45.97 and a twelve month high of $54.79.

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.