World Equity Group Inc. Invests $225,000 in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

World Equity Group Inc. acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,575 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bfsg LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF during the third quarter worth about $26,000. Concourse Financial Group Securities Inc. lifted its position in iShares MSCI Intl Momentum Factor ETF by 147.4% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 1,059 shares of the company’s stock worth $42,000 after buying an additional 631 shares during the last quarter. Glassman Wealth Services purchased a new stake in iShares MSCI Intl Momentum Factor ETF in the first quarter worth approximately $64,000. Beaird Harris Wealth Management LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the second quarter valued at approximately $97,000. Finally, O Shaughnessy Asset Management LLC raised 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 worth $130,000 after acquiring an additional 2,632 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of IMTM opened at $39.07 on Tuesday. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $31.61 and a fifty-two week high of $41.20. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81. The firm has a 50 day moving average price of $39.63 and a 200-day moving average price of $39.06.

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.