Sequoia Financial Advisors LLC Takes $16.91 Million Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Sequoia Financial Advisors LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 452,125 shares of the company’s stock, valued at approximately $16,909,000. Sequoia Financial Advisors LLC owned approximately 0.84% of iShares MSCI Intl Momentum Factor ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter valued at $41,000. IFP Advisors Inc lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 456.9% during the fourth quarter. IFP Advisors Inc now owns 2,534 shares of the company’s stock valued at $95,000 after purchasing an additional 2,079 shares in the last quarter. Smithfield Trust Co lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 190.9% during 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. Toronto Dominion Bank bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter valued at $142,000. Finally, EP Wealth Advisors LLC bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter valued at $153,000.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of NYSEARCA:IMTM opened at $40.04 on Thursday. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $34.65 and a 1 year high of $41.20. The stock’s fifty day moving average price is $39.20 and its 200-day moving average price is $39.19. The company has a market cap of $2.39 billion, a P/E ratio of 20.52 and a beta of 0.80.

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.