Veridan Wealth LLC Invests $4.57 Million in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Veridan Wealth LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the fourth quarter, Holdings Channel.com reports. The fund acquired 117,839 shares of the company’s stock, valued at approximately $4,570,000. iShares MSCI Intl Momentum Factor ETF accounts for approximately 2.2% of Veridan Wealth LLC’s portfolio, making the stock its 10th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 8,242 shares of the company’s stock valued at $333,000 after buying an additional 323 shares during the period. HighTower Advisors LLC raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 9.3% during the third quarter. HighTower Advisors LLC now owns 9,453 shares of the company’s stock worth $381,000 after acquiring an additional 807 shares in the last quarter. Archvest Wealth Advisors Inc. boosted its position in iShares MSCI Intl Momentum Factor ETF by 637.1% during the fourth quarter. Archvest Wealth Advisors Inc. now owns 149,291 shares of the company’s stock valued at $5,584,000 after purchasing an additional 129,038 shares during the last quarter. Valued Retirements Inc. acquired a new stake in iShares MSCI Intl Momentum Factor ETF during the third quarter valued at $904,000. Finally, Creative Planning grew its stake in iShares MSCI Intl Momentum Factor ETF by 9.6% in the third quarter. Creative Planning now owns 7,662 shares of the company’s stock valued at $309,000 after purchasing an additional 669 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Price Performance

IMTM opened at $39.74 on Friday. The company has a market capitalization of $2.15 billion, a PE ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $34.65 and a fifty-two week high of $41.20. The business has a 50-day moving average of $38.78 and a 200-day moving average of $39.12.

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.