Opes Wealth Management LLC Buys 2,435 Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Opes Wealth Management LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 121,947 shares of the company’s stock after acquiring an additional 2,435 shares during the period. Opes Wealth Management LLC’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $4,561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMTM. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,629,698 shares of the company’s stock worth $752,267,000 after buying an additional 740,553 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the fourth quarter worth $13,589,000. Archvest Wealth Advisors Inc. grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 637.1% in the fourth quarter. Archvest Wealth Advisors Inc. now owns 149,291 shares of the company’s stock worth $5,584,000 after purchasing an additional 129,038 shares during the last quarter. Focus Financial Network Inc. bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter worth $4,975,000. Finally, Symmetry Partners LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter worth $4,002,000.

iShares MSCI Intl Momentum Factor ETF Stock Down 0.3 %

Shares of iShares MSCI Intl Momentum Factor ETF stock opened at $40.47 on Friday. iShares MSCI Intl Momentum Factor ETF has a twelve month low of $34.65 and a twelve month high of $41.20. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81. The company’s fifty day moving average is $38.51 and its 200 day moving average is $38.93.

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.