Focus Financial Network Inc. Takes Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Focus Financial Network Inc. bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 123,210 shares of the company’s stock, valued at approximately $4,975,000. Focus Financial Network Inc. owned about 0.23% of iShares MSCI Intl Momentum Factor ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in iShares MSCI Intl Momentum Factor ETF by 110.8% during the first quarter. Private Advisor Group LLC now owns 59,306 shares of the company’s stock valued at $2,327,000 after buying an additional 31,174 shares during the last quarter. Fifth Third Securities Inc. purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the second quarter worth $348,000. Apella Capital LLC raised its position in shares of 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 valued at $21,796,000 after purchasing an additional 20,192 shares during the period. Janney Montgomery Scott LLC raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 8.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 469,331 shares of the company’s stock valued at $18,412,000 after purchasing an additional 38,318 shares during the period. Finally, Vantage Financial Partners LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 2nd quarter valued at $477,000.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of IMTM stock opened at $38.76 on Friday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a one year low of $30.85 and a one year high of $41.20. The company’s fifty day moving average price is $39.68 and its 200-day moving average price is $39.02.

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.