Private Advisor Group LLC Cuts Holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Private Advisor Group LLC lessened its stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 17.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 49,194 shares of the company’s stock after selling 10,112 shares during the quarter. Private Advisor Group LLC’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $1,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. acquired a new stake in iShares MSCI Intl Momentum Factor ETF in the first quarter valued at approximately $29,000. Concourse Financial Group Securities Inc. raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 147.4% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 1,059 shares of the company’s stock valued at $42,000 after purchasing an additional 631 shares in the last quarter. Glassman Wealth Services purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth $64,000. Principal Securities Inc. acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF during the fourth quarter worth $57,000. Finally, Global Wealth Strategies & Associates purchased a new position in iShares MSCI Intl Momentum Factor ETF in the first quarter valued at $96,000.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of NYSEARCA IMTM opened at $39.27 on Friday. The business has a 50-day moving average of $38.91 and a two-hundred day moving average of $38.69. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $30.38 and a 1 year high of $40.60.

iShares MSCI Intl Momentum Factor ETF 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.