Raymond James Financial Inc. Invests $978,000 in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Raymond James Financial Inc. purchased a new stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,147 shares of the company’s stock, valued at approximately $978,000.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 10.3% in the third quarter. FMR LLC now owns 486,796 shares of the company’s stock valued at $19,657,000 after purchasing an additional 45,438 shares during the last quarter. HighTower Advisors LLC grew its stake in iShares MSCI Intl Momentum Factor ETF by 9.3% in the 3rd quarter. HighTower Advisors LLC now owns 9,453 shares of the company’s stock valued at $381,000 after buying an additional 807 shares during the last quarter. Stifel Financial Corp raised its holdings in iShares MSCI Intl Momentum Factor ETF by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 8,242 shares of the company’s stock valued at $333,000 after acquiring an additional 323 shares during the period. EP Wealth Advisors LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF during the third quarter worth approximately $153,000. Finally, National Bank of Canada FI boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 75.9% during the third quarter. National Bank of Canada FI now owns 68,408 shares of the company’s stock worth $2,762,000 after acquiring an additional 29,508 shares during the period.

iShares MSCI Intl Momentum Factor ETF Trading Down 6.9 %

Shares of NYSEARCA IMTM opened at $36.78 on Friday. The business’s 50 day moving average is $40.05 and its 200-day moving average is $39.31. The firm has a market cap of $2.25 billion, a P/E ratio of 19.24 and a beta of 0.80. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $34.65 and a 1-year high of $41.23.

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.