iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Strong Trading Volume

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw strong trading volume on Tuesday . 1,059,734 shares were traded during mid-day trading, an increase of 452% from the previous session’s volume of 191,992 shares.The stock last traded at $39.28 and had previously closed at $39.09.

iShares MSCI Intl Momentum Factor ETF Stock Down 0.3 %

The company has a market capitalization of $1.75 billion, a PE ratio of 11.82 and a beta of 0.78. The company has a 50-day moving average price of $36.99 and a two-hundred day moving average price of $34.23.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Several large investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its stake in iShares MSCI Intl Momentum Factor ETF by 4.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,966,898 shares of the company’s stock valued at $513,215,000 after buying an additional 702,034 shares during the period. Envestnet Asset Management Inc. boosted its stake in iShares MSCI Intl Momentum Factor ETF by 4.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,604,950 shares of the company’s stock valued at $500,804,000 after buying an additional 642,064 shares during the period. Jane Street Group LLC boosted its stake in iShares MSCI Intl Momentum Factor ETF by 277.4% during the fourth quarter. Jane Street Group LLC now owns 1,101,139 shares of the company’s stock valued at $33,948,000 after buying an additional 809,343 shares during the period. BlackRock Inc. boosted its stake in iShares MSCI Intl Momentum Factor ETF by 1.5% during the second quarter. BlackRock Inc. now owns 1,089,099 shares of the company’s stock valued at $36,158,000 after buying an additional 16,364 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in iShares MSCI Intl Momentum Factor ETF by 2.8% during the fourth quarter. Ritholtz Wealth Management now owns 833,986 shares of the company’s stock worth $28,597,000 after purchasing an additional 23,009 shares during the last quarter.

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.