Ritholtz Wealth Management Increases Stock Holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Ritholtz Wealth Management grew its stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 868,032 shares of the company’s stock after buying an additional 27,150 shares during the period. iShares MSCI Intl Momentum Factor ETF accounts for 1.1% of Ritholtz Wealth Management’s investment portfolio, making the stock its 16th largest holding. Ritholtz Wealth Management owned about 1.61% of iShares MSCI Intl Momentum Factor ETF worth $35,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dopkins Wealth Management LLC raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 1.6% during the second quarter. Dopkins Wealth Management LLC now owns 26,681 shares of the company’s stock worth $1,032,000 after purchasing an additional 415 shares during the last quarter. Columbus Macro LLC lifted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 0.8% in the first quarter. Columbus Macro LLC now owns 55,086 shares of the company’s stock valued at $2,161,000 after purchasing an additional 462 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in iShares MSCI Intl Momentum Factor ETF by 4.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,024 shares of the company’s stock worth $465,000 after buying an additional 505 shares during the period. National Bank of Canada FI grew its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 1.6% in the 2nd quarter. National Bank of Canada FI now owns 38,900 shares of the company’s stock worth $1,506,000 after acquiring an additional 615 shares during the period. Finally, Concourse Financial Group Securities Inc. raised its holdings in iShares MSCI Intl Momentum Factor ETF by 147.4% during the first quarter. Concourse Financial Group Securities Inc. now owns 1,059 shares of the company’s stock worth $42,000 after purchasing an additional 631 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Performance

NYSEARCA:IMTM traded up $0.22 during mid-day trading on Friday, hitting $39.86. 461,638 shares of the company’s stock traded hands, compared to its average volume of 262,556. The firm’s 50 day simple moving average is $39.18 and its 200 day simple moving average is $38.93. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $30.38 and a 1 year high of $41.20. The company has a market cap of $2.15 billion, a PE 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.