Ameriprise Financial Inc. Raises Stock Holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 89.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 615,455 shares of the company’s stock after acquiring an additional 290,037 shares during the quarter. Ameriprise Financial Inc. owned 1.14% of iShares MSCI Intl Momentum Factor ETF worth $23,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IMTM. Transce3nd LLC purchased a new stake in iShares MSCI Intl Momentum Factor ETF in the fourth quarter worth $76,000. IFP Advisors Inc increased its position in iShares MSCI Intl Momentum Factor ETF by 456.9% in the fourth quarter. IFP Advisors Inc now owns 2,534 shares of the company’s stock worth $95,000 after buying an additional 2,079 shares during the last quarter. Signaturefd LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the fourth quarter valued at $102,000. Smithfield Trust Co grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 190.9% in the fourth quarter. Smithfield Trust Co now owns 2,953 shares of the company’s stock valued at $110,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 4,503.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,637 shares of the company’s stock valued at $136,000 after purchasing an additional 3,558 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of NYSEARCA IMTM opened at $42.77 on Thursday. The stock has a market cap of $2.66 billion, a PE ratio of 18.67 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 $43.28. The stock has a fifty day moving average of $40.54 and a 200-day moving average of $39.50.

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.