Focus Financial Network Inc. Acquires New Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Focus Financial Network Inc. acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the third quarter, Holdings Channel reports. The firm acquired 123,210 shares of the company’s stock, valued at approximately $4,975,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 110.8% in the 1st quarter. Private Advisor Group LLC now owns 59,306 shares of the company’s stock valued at $2,327,000 after purchasing an additional 31,174 shares in the last quarter. Concourse Financial Group Securities Inc. raised its holdings 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 in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 8.9% during 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 in the last quarter. Greenwood Capital Associates LLC bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth approximately $1,667,000. Finally, Glassman Wealth Services bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth approximately $64,000.

iShares MSCI Intl Momentum Factor ETF Stock Down 1.3 %

NYSEARCA IMTM opened at $38.76 on Friday. The firm has a market cap of $2.09 billion, a PE ratio of 13.86 and a beta of 0.81. The company has a 50 day moving average price of $39.68 and a 200 day moving average price of $39.02. iShares MSCI Intl Momentum Factor ETF has a 52 week low of $30.85 and a 52 week high of $41.20.

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.