Segment Wealth Management LLC Has $10.67 Million Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Segment Wealth Management LLC reduced its stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,264 shares of the company’s stock after selling 5,587 shares during the period. Segment Wealth Management LLC owned 0.49% of iShares MSCI Intl Momentum Factor ETF worth $10,671,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IMTM. Bfsg LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the third quarter valued at approximately $26,000. Mather Group LLC. bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter valued at $29,000. Concourse Financial Group Securities Inc. lifted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 147.4% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 1,059 shares of the company’s stock valued at $42,000 after purchasing an additional 631 shares during the last quarter. Glassman Wealth Services bought a new stake in iShares MSCI Intl Momentum Factor ETF in the first quarter worth $64,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF during the second quarter worth $97,000.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of NYSEARCA:IMTM opened at $39.68 on Wednesday. The stock has a market capitalization of $2.14 billion, a P/E ratio of 13.86 and a beta of 0.81. The business has a 50-day moving average of $39.65 and a two-hundred day moving average of $38.98. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $30.38 and a fifty-two week high of $41.20.

iShares MSCI Intl Momentum Factor ETF 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.