MML Investors Services LLC Sells 66,589 Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

MML Investors Services LLC cut its position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 59.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,041 shares of the company’s stock after selling 66,589 shares during the quarter. MML Investors Services LLC owned about 0.08% of iShares MSCI Intl Momentum Factor ETF worth $1,819,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bfsg LLC purchased a new stake in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter worth about $26,000. American Capital Advisory LLC increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 3,367.9% in the third quarter. American Capital Advisory LLC now owns 971 shares of the company’s stock worth $39,000 after purchasing an additional 943 shares in the last quarter. Assetmark Inc. bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter valued at approximately $41,000. Beaird Harris Wealth Management LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the second quarter valued at approximately $97,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at approximately $153,000.

iShares MSCI Intl Momentum Factor ETF Stock Performance

iShares MSCI Intl Momentum Factor ETF stock opened at $39.19 on Tuesday. The firm has a 50 day simple moving average of $39.26 and a 200 day simple moving average of $39.16. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $33.33 and a 1-year high of $41.20. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81.

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.