Truist Financial Corp Takes Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Truist Financial Corp bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 35,963 shares of the company’s stock, valued at approximately $1,391,000. Truist Financial Corp owned about 0.07% of iShares MSCI Intl Momentum Factor ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dopkins Wealth Management LLC increased its holdings in iShares MSCI Intl Momentum Factor ETF by 1.6% during the second quarter. Dopkins Wealth Management LLC now owns 26,681 shares of the company’s stock valued at $1,032,000 after buying an additional 415 shares during the last quarter. Columbus Macro LLC boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 0.8% in the first quarter. Columbus Macro LLC now owns 55,086 shares of the company’s stock worth $2,161,000 after purchasing an additional 462 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,024 shares of the company’s stock worth $465,000 after purchasing an additional 505 shares during the period. National Bank of Canada FI boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 1.6% in the second quarter. National Bank of Canada FI now owns 38,900 shares of the company’s stock worth $1,506,000 after purchasing an additional 615 shares during the period. Finally, Concourse Financial Group Securities Inc. boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 147.4% in the first quarter. Concourse Financial Group Securities Inc. now owns 1,059 shares of the company’s stock worth $42,000 after purchasing an additional 631 shares during the period.

iShares MSCI Intl Momentum Factor ETF Price Performance

IMTM opened at $39.86 on Friday. The firm has a market cap of $2.15 billion, a P/E ratio of 13.86 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $30.38 and a 1-year high of $41.20. The company has a 50 day simple moving average of $39.18 and a two-hundred day simple moving average of $38.93.

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.