TKG Advisors LLC Buys New Shares in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

TKG Advisors LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,493 shares of the company’s stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Advisor Group LLC raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 110.8% during the first quarter. Private Advisor Group LLC now owns 59,306 shares of the company’s stock worth $2,327,000 after purchasing an additional 31,174 shares during the period. Fifth Third Securities Inc. acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF during the second quarter valued at about $348,000. Apella Capital LLC increased its position in shares of iShares MSCI Intl Momentum Factor ETF by 3.8% during the third quarter. Apella Capital LLC now owns 545,994 shares of the company’s stock worth $21,796,000 after acquiring an additional 20,192 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 8.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 469,331 shares of the company’s stock worth $18,412,000 after acquiring an additional 38,318 shares during the last quarter. Finally, Vantage Financial Partners LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the 2nd quarter valued at about $477,000.

iShares MSCI Intl Momentum Factor ETF Stock Performance

IMTM traded up $0.24 during midday trading on Monday, reaching $39.19. 4,089 shares of the company were exchanged, compared to its average volume of 261,987. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a one year low of $31.61 and a one year high of $41.20. The company’s fifty day moving average price is $39.64 and its 200 day moving average price is $39.05.

iShares MSCI Intl Momentum Factor ETF Company 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.