iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Hits New 52-Week High – Time to Buy?

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $42.19 and last traded at $42.17, with a volume of 837419 shares changing hands. The stock had previously closed at $41.91.

iShares MSCI Intl Momentum Factor ETF Price Performance

The firm has a market capitalization of $2.59 billion, a PE ratio of 16.78 and a beta of 0.78. The stock has a 50-day moving average price of $39.93 and a 200-day moving average price of $39.25.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its holdings in iShares MSCI Intl Momentum Factor ETF by 5.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,664,249 shares of the company’s stock valued at $735,443,000 after acquiring an additional 1,034,551 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 5.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,516,508 shares of the company’s stock valued at $729,917,000 after purchasing an additional 1,037,037 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 32.1% during the first quarter. Ritholtz Wealth Management now owns 1,199,058 shares of the company’s stock worth $47,890,000 after purchasing an additional 291,685 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in iShares MSCI Intl Momentum Factor ETF by 89.1% in the fourth quarter. Ameriprise Financial Inc. now owns 615,455 shares of the company’s stock valued at $23,019,000 after buying an additional 290,037 shares during the last quarter. Finally, Acropolis Investment Management LLC raised its stake in iShares MSCI Intl Momentum Factor ETF by 0.4% during the first quarter. Acropolis Investment Management LLC now owns 595,567 shares of the company’s stock valued at $23,787,000 after buying an additional 2,523 shares in 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.