Segment Wealth Management LLC Reduces Holdings in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Segment Wealth Management LLC reduced its stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,902 shares of the company’s stock after selling 53,362 shares during the period. Segment Wealth Management LLC’s holdings in iShares MSCI Intl Momentum Factor ETF were worth $7,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IMTM. Beaird Harris Wealth Management LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF in the 2nd quarter worth $97,000. Kathmere Capital Management LLC boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 6.7% during the second quarter. Kathmere Capital Management LLC now owns 366,087 shares of the company’s stock worth $14,164,000 after purchasing an additional 22,938 shares during the period. Straight Path Wealth Management boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 5.7% during the second quarter. Straight Path Wealth Management now owns 217,393 shares of the company’s stock worth $8,411,000 after purchasing an additional 11,741 shares during the period. Silver Lake Advisory LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the second quarter worth about $286,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in iShares MSCI Intl Momentum Factor ETF by 205.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 64,046 shares of the company’s stock valued at $2,478,000 after purchasing an additional 43,049 shares during the period.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of IMTM stock opened at $37.80 on Tuesday. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $34.47 and a fifty-two week high of $41.20. The firm has a market cap of $2.04 billion, a P/E ratio of 13.86 and a beta of 0.81. The business’s 50 day moving average price is $38.31 and its 200-day moving average price is $38.92.

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.