Great Valley Advisor Group Inc. Buys Shares of 38,101 iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Great Valley Advisor Group Inc. purchased a new position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the third quarter, Holdings Channel reports. The fund purchased 38,101 shares of the company’s stock, valued at approximately $1,539,000.

A number of other hedge funds have also made changes to their positions in IMTM. Mercer Global Advisors Inc. ADV boosted its position in iShares MSCI Intl Momentum Factor ETF by 6.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 18,200,688 shares of the company’s stock valued at $701,169,000 after purchasing an additional 1,151,546 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 5.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,153,075 shares of the company’s stock valued at $702,342,000 after buying an additional 941,710 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,629,698 shares of the company’s stock valued at $752,267,000 after buying an additional 740,553 shares in the last quarter. Focus Financial Network Inc. acquired a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter worth approximately $4,975,000. Finally, Cetera Investment Advisers raised its position in iShares MSCI Intl Momentum Factor ETF by 443.0% during the first quarter. Cetera Investment Advisers now owns 147,657 shares of the company’s stock valued at $5,793,000 after acquiring an additional 120,464 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Down 0.1 %

IMTM stock opened at $38.75 on Tuesday. The firm has a 50 day moving average of $39.46 and a two-hundred day moving average of $39.12. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $33.29 and a 12 month high of $41.20. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81.

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.