Opes Wealth Management LLC Sells 3,923 Shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Opes Wealth Management LLC reduced its holdings in shares of iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,061 shares of the company’s stock after selling 3,923 shares during the quarter. iShares MSCI Intl Momentum Factor ETF comprises 1.0% of Opes Wealth Management LLC’s investment portfolio, making the stock its 29th biggest position. Opes Wealth Management LLC owned about 0.22% of iShares MSCI Intl Momentum Factor ETF worth $4,606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mather Group LLC. bought a new position in shares of iShares MSCI Intl Momentum Factor ETF in the first quarter worth $29,000. Concourse Financial Group Securities Inc. boosted its stake in 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 worth $42,000 after purchasing an additional 631 shares during the period. Glassman Wealth Services bought a new position in iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth about $64,000. Principal Securities Inc. purchased a new position in iShares MSCI Intl Momentum Factor ETF during the 4th quarter valued at about $57,000. Finally, Global Wealth Strategies & Associates bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the first quarter valued at about $96,000.

iShares MSCI Intl Momentum Factor ETF Trading Down 2.9 %

Shares of iShares MSCI Intl Momentum Factor ETF stock opened at $37.92 on Friday. The company’s 50-day moving average price is $38.95 and its 200-day moving average price is $38.64. iShares MSCI Intl Momentum Factor ETF has a 12-month low of $30.38 and a 12-month high of $40.60. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 13.86 and a beta of 0.81.

About iShares MSCI Intl Momentum Factor ETF

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.