iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Hits New 1-Year High – Still a Buy?

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)’s stock price reached a new 52-week high on Thursday . The company traded as high as $48.54 and last traded at $47.8560, with a volume of 1916585 shares changing hands. The stock had previously closed at $47.98.

iShares MSCI Intl Quality Factor ETF Stock Performance

The stock’s 50 day moving average price is $45.79 and its 200 day moving average price is $44.45. The company has a market capitalization of $14.39 billion, a P/E ratio of 18.86 and a beta of 0.89.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Trust Co. of Toledo NA OH lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 436.9% in the 4th quarter. Trust Co. of Toledo NA OH now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares in the last quarter. Guerra Advisors Inc bought a new position in shares of iShares MSCI Intl Quality Factor ETF in the third quarter valued at $27,000. GAMMA Investing LLC grew its holdings in shares of iShares MSCI Intl Quality Factor ETF by 244.0% during the second quarter. GAMMA Investing LLC now owns 829 shares of the company’s stock valued at $36,000 after buying an additional 588 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of iShares MSCI Intl Quality Factor ETF during the second quarter worth about $42,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of iShares MSCI Intl Quality Factor ETF by 312.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock worth $49,000 after acquiring an additional 852 shares during the last quarter.

iShares MSCI Intl Quality Factor ETF Company Profile

The iShares MSCI Intl Quality Factor ETF (IQLT) is an exchange-traded fund that is based on the World ex USA Sector Neutral Quality index. The fund tracks an index of large- and mid-cap stocks in developed countries, outside of the US. The index is selected and weighted for exposure to fundamental quality metrics. IQLT was launched on Jan 13, 2015 and is managed by BlackRock.