LPL Financial LLC Boosts Stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

LPL Financial LLC raised its stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 36.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 167,934 shares of the company’s stock after buying an additional 44,668 shares during the period. LPL Financial LLC’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $6,281,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Stifel Financial Corp boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% during the third quarter. Stifel Financial Corp now owns 8,242 shares of the company’s stock valued at $333,000 after acquiring an additional 323 shares during the last quarter. Gladstone Institutional Advisory LLC grew its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 8,332 shares of the company’s stock worth $312,000 after buying an additional 328 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 1.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 25,819 shares of the company’s stock worth $1,043,000 after buying an additional 335 shares in the last quarter. HighTower Advisors LLC raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.0% in the fourth quarter. HighTower Advisors LLC now owns 9,831 shares of the company’s stock valued at $368,000 after buying an additional 378 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 5.4% during the fourth quarter. Bell Investment Advisors Inc now owns 8,065 shares of the company’s stock valued at $302,000 after buying an additional 413 shares during the period.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of IMTM opened at $36.78 on Monday. The stock has a fifty day moving average of $40.05 and a two-hundred day moving average of $39.31. The company has a market capitalization of $2.25 billion, a PE ratio of 19.24 and a beta of 0.80. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $34.65 and a fifty-two week high of $41.23.

iShares MSCI Intl Momentum Factor ETF Company 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.