iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) is Wealth Enhancement Advisory Services LLC’s 5th Largest Position

Wealth Enhancement Advisory Services LLC raised its holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,153,804 shares of the company’s stock after buying an additional 904,607 shares during the period. iShares MSCI Intl Momentum Factor ETF makes up approximately 1.7% of Wealth Enhancement Advisory Services LLC’s portfolio, making the stock its 5th largest position. Wealth Enhancement Advisory Services LLC owned 38.38% of iShares MSCI Intl Momentum Factor ETF worth $672,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in iShares MSCI Intl Momentum Factor ETF in the 1st quarter valued at approximately $29,000. Principal Securities Inc. acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $57,000. Global Wealth Strategies & Associates acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 1st quarter valued at $96,000. Alesco Advisors LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $217,000. Finally, Segment Wealth Management LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $217,000.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of IMTM traded up $0.16 during midday trading on Thursday, reaching $38.63. The stock had a trading volume of 153,272 shares, compared to its average volume of 242,847. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $30.38 and a 1-year high of $39.92. The company’s fifty day simple moving average is $38.66 and its two-hundred day simple moving average is $37.14. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81.

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.