Bell Investment Advisors Inc Cuts Stock Holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Bell Investment Advisors Inc lowered its stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 38.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,652 shares of the company’s stock after selling 4,770 shares during the quarter. Bell Investment Advisors Inc’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bfsg LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the third quarter valued at approximately $26,000. American Capital Advisory LLC boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 3,367.9% during the 3rd quarter. American Capital Advisory LLC now owns 971 shares of the company’s stock valued at $39,000 after acquiring an additional 943 shares during the last quarter. Assetmark Inc. purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter valued at $41,000. Beaird Harris Wealth Management LLC purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 2nd quarter worth $97,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 389.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,307 shares of the company’s stock worth $130,000 after buying an additional 2,632 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of NYSEARCA IMTM traded up $0.26 during mid-day trading on Wednesday, hitting $38.80. 6,877 shares of the company’s stock traded hands, compared to its average volume of 263,917. The company has a market capitalization of $2.10 billion, a P/E ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $33.29 and a 1 year high of $41.20. The company’s 50-day moving average is $39.43 and its two-hundred day moving average is $39.12.

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.