iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Large Volume Increase – Here’s What Happened

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw strong trading volume on Tuesday . 899,670 shares traded hands during trading, an increase of 132% from the previous session’s volume of 387,861 shares.The stock last traded at $37.23 and had previously closed at $37.06.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The company has a market cap of $2.04 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81. The business has a 50-day simple moving average of $38.36 and a 200-day simple moving average of $38.95.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,629,698 shares of the company’s stock worth $752,267,000 after acquiring an additional 740,553 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 6.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,200,688 shares of the company’s stock worth $701,169,000 after buying an additional 1,151,546 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 4.5% in the 4th quarter. Ritholtz Wealth Management now owns 907,373 shares of the company’s stock valued at $33,936,000 after buying an additional 39,341 shares in the last quarter. Acropolis Investment Management LLC grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.2% in the 4th quarter. Acropolis Investment Management LLC now owns 593,044 shares of the company’s stock valued at $22,180,000 after buying an additional 23,677 shares during the last quarter. Finally, Apella Capital LLC raised its stake in iShares MSCI Intl Momentum Factor ETF by 3.8% during the 3rd quarter. Apella Capital LLC now owns 545,994 shares of the company’s stock worth $21,796,000 after acquiring an additional 20,192 shares in 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.