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

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw an uptick in trading volume on Tuesday . 1,562,768 shares traded hands during trading, an increase of 467% from the previous session’s volume of 275,558 shares.The stock last traded at $35.90 and had previously closed at $35.70.

iShares MSCI Intl Momentum Factor ETF Stock Performance

The company has a 50-day moving average price of $39.08 and a 200-day moving average price of $38.13. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 4.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,889,145 shares of the company’s stock valued at $692,131,000 after purchasing an additional 735,341 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares MSCI Intl Momentum Factor ETF by 4.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,604,950 shares of the company’s stock worth $500,804,000 after purchasing an additional 642,064 shares during the last quarter. Klaas Financial Asset Advisors LLC raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 1.4% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 540,201 shares of the company’s stock valued at $18,523,000 after buying an additional 7,210 shares during the last quarter. Adroit Compliance LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the fourth quarter worth about $18,523,000. Finally, Apella Capital LLC grew its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% during the second quarter. Apella Capital LLC now owns 525,802 shares of the company’s stock worth $20,780,000 after buying an additional 20,572 shares during the last quarter.

About iShares MSCI Intl Momentum Factor ETF

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.