Ariadne Wealth Management LP Takes Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)

Ariadne Wealth Management LP bought a new stake in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 23,386 shares of the company’s stock, valued at approximately $905,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mercer Global Advisors Inc. ADV boosted its holdings in iShares MSCI Intl Momentum Factor ETF by 6.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 18,200,688 shares of the company’s stock worth $701,169,000 after buying an additional 1,151,546 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 5.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,153,075 shares of the company’s stock worth $702,342,000 after acquiring an additional 941,710 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 4.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,889,145 shares of the company’s stock worth $692,131,000 after acquiring an additional 735,341 shares during the last quarter. Adroit Compliance LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the 4th quarter worth $18,523,000. Finally, Apella Capital LLC increased its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 4.1% in the 2nd quarter. Apella Capital LLC now owns 525,802 shares of the company’s stock worth $20,780,000 after acquiring an additional 20,572 shares during the period.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.3 %

Shares of IMTM opened at $40.38 on Tuesday. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $30.38 and a 1-year high of $41.20. The stock has a market capitalization of $2.18 billion, a P/E ratio of 13.86 and a beta of 0.81. The business’s 50-day moving average price is $38.94 and its 200 day moving average price is $38.88.

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.