Cabot Wealth Management Inc. Cuts Stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Cabot Wealth Management Inc. lowered its position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,894 shares of the company’s stock after selling 2,337 shares during the quarter. Cabot Wealth Management Inc. owned approximately 0.53% of iShares MSCI Intl Momentum Factor ETF worth $11,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the first quarter valued at approximately $29,000. Concourse Financial Group Securities Inc. boosted its stake in shares of 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 valued at $42,000 after purchasing an additional 631 shares during the period. Glassman Wealth Services purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the first quarter valued at approximately $64,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the second quarter valued at approximately $97,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 389.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,307 shares of the company’s stock valued at $130,000 after purchasing an additional 2,632 shares during the period.

iShares MSCI Intl Momentum Factor ETF Trading Down 0.7 %

Shares of NYSEARCA:IMTM traded down $0.28 during trading on Tuesday, reaching $39.85. 135,824 shares of the company traded hands, compared to its average volume of 262,259. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 52-week low of $30.38 and a 52-week high of $41.20. The business’s fifty day moving average is $39.27 and its 200-day moving average is $38.93.

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.