Cowa LLC Trims Holdings in iShares MSCI Intl Momentum Factor ETF $IMTM

Cowa LLC trimmed its holdings in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 43.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,854 shares of the company’s stock after selling 9,970 shares during the period. Cowa LLC’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CENTRAL TRUST Co acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 2nd quarter valued at about $25,000. Allworth Financial LP raised its position in iShares MSCI Intl Momentum Factor ETF by 121.8% during the second quarter. Allworth Financial LP now owns 865 shares of the company’s stock valued at $40,000 after acquiring an additional 475 shares in the last quarter. AlphaCore Capital LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF in the second quarter valued at approximately $60,000. CX Institutional acquired a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter valued at approximately $70,000. Finally, American Capital Advisory LLC boosted its position in iShares MSCI Intl Momentum Factor ETF by 99.9% in the 3rd quarter. American Capital Advisory LLC now owns 1,885 shares of the company’s stock worth $90,000 after purchasing an additional 942 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Price Performance

NYSEARCA:IMTM opened at $52.42 on Tuesday. The company has a 50 day moving average price of $50.09 and a 200-day moving average price of $48.43. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $35.35 and a 1-year high of $52.86. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

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.