Wealth Enhancement Advisory Services LLC Sells 2,038,250 Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Wealth Enhancement Advisory Services LLC lowered its position in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 10.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,625,999 shares of the company’s stock after selling 2,038,250 shares during the quarter. iShares MSCI Intl Momentum Factor ETF accounts for about 1.3% of Wealth Enhancement Advisory Services LLC’s investment portfolio, making the stock its 8th biggest holding. Wealth Enhancement Advisory Services LLC owned about 28.66% of iShares MSCI Intl Momentum Factor ETF worth $703,982,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in 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 worth $95,000 after acquiring an additional 2,079 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 14.7% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 13,626 shares of the company’s stock worth $510,000 after purchasing an additional 1,749 shares during the period. MorganRosel Wealth Management LLC lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 7.4% during the 4th quarter. MorganRosel Wealth Management LLC now owns 52,443 shares of the company’s stock valued at $1,961,000 after purchasing an additional 3,616 shares in the last quarter. Veridan Wealth LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at approximately $4,570,000. Finally, Smithfield Trust Co increased its stake in iShares MSCI Intl Momentum Factor ETF by 190.9% during the 4th quarter. Smithfield Trust Co now owns 2,953 shares of the company’s stock worth $110,000 after purchasing an additional 1,938 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of IMTM stock opened at $44.22 on Thursday. iShares MSCI Intl Momentum Factor ETF has a 52 week low of $34.65 and a 52 week high of $45.58. The company’s 50 day moving average price is $43.06 and its two-hundred day moving average price is $40.49. The company has a market capitalization of $2.94 billion, a P/E ratio of 18.74 and a beta of 0.79.

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.