Envestnet Asset Management Inc. Has $27.19 Million Holdings in iShares MSCI Intl Momentum Factor ETF $IMTM

Envestnet Asset Management Inc. cut its stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 97.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 567,933 shares of the company’s stock after selling 18,254,054 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.79% of iShares MSCI Intl Momentum Factor ETF worth $27,193,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of IMTM. Ashton Thomas Private Wealth LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at $2,985,000. Mission Wealth Management LP bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at $2,289,000. Straight Path Wealth Management raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 6.0% during the third quarter. Straight Path Wealth Management now owns 272,718 shares of the company’s stock worth $13,058,000 after purchasing an additional 15,492 shares during the period. Coordinated Financial Services Inc. acquired a new stake in iShares MSCI Intl Momentum Factor ETF during the 3rd quarter worth approximately $530,000. Finally, Simplicity Wealth LLC raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 95.3% during the third quarter. Simplicity Wealth LLC now owns 37,539 shares of the company’s stock worth $1,797,000 after acquiring an additional 18,316 shares during the period.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of iShares MSCI Intl Momentum Factor ETF stock opened at $51.73 on Friday. The business’s 50 day simple moving average is $49.66 and its 200 day simple moving average is $48.05. The firm has a market cap of $3.80 billion, a PE ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 52-week low of $35.35 and a 52-week high of $52.79.

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.