Northwestern Mutual Wealth Management Co. Increases Stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Northwestern Mutual Wealth Management Co. increased its position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 205.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,046 shares of the company’s stock after purchasing an additional 43,049 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.12% of iShares MSCI Intl Momentum Factor ETF worth $2,478,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its stake in iShares MSCI Intl Momentum Factor ETF by 6.8% in the second 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. lifted 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 during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in iShares MSCI Intl Momentum Factor ETF by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,153,804 shares of the company’s stock valued at $672,944,000 after acquiring an additional 904,607 shares during the last quarter. Adroit Compliance LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $18,523,000. Finally, Great Oak Capital Partners LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the fourth quarter worth $5,123,000.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.3 %

Shares of IMTM opened at $39.69 on Friday. The firm has a fifty day moving average price of $39.04 and a 200-day moving average price of $38.91. The firm has a market capitalization of $2.14 billion, a P/E ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 12-month low of $30.38 and a 12-month high of $41.20.

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.