Lazari Capital Management Inc. Purchases New Stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Lazari Capital Management Inc. bought a new position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,993 shares of the company’s stock, valued at approximately $503,000.

Several other hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its position in iShares MSCI Intl Momentum Factor ETF by 6.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,200,688 shares of the company’s stock worth $701,169,000 after purchasing an additional 1,151,546 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 5.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,153,075 shares of the company’s stock worth $702,342,000 after acquiring an additional 941,710 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,889,145 shares of the company’s stock worth $692,131,000 after acquiring an additional 735,341 shares in the last quarter. Adroit Compliance LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 4th quarter worth about $18,523,000. Finally, Apella Capital LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% during the 2nd quarter. Apella Capital LLC now owns 525,802 shares of the company’s stock worth $20,780,000 after acquiring an additional 20,572 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Performance

IMTM opened at $40.11 on Wednesday. The company has a market cap of $2.17 billion, a PE ratio of 13.86 and a beta of 0.81. The stock has a 50-day moving average of $38.94 and a 200-day moving average of $38.88. iShares MSCI Intl Momentum Factor ETF has a 52-week low of $30.38 and a 52-week high of $41.20.

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.