iShares MSCI Intl Quality Factor ETF $IQLT is Sunburst Financial Group LLC’s 5th Largest Position

Sunburst Financial Group LLC grew its holdings in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 6.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 812,667 shares of the company’s stock after buying an additional 51,982 shares during the period. iShares MSCI Intl Quality Factor ETF accounts for 6.5% of Sunburst Financial Group LLC’s portfolio, making the stock its 5th largest position. Sunburst Financial Group LLC’s holdings in iShares MSCI Intl Quality Factor ETF were worth $40,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in iShares MSCI Intl Quality Factor ETF by 312.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock valued at $49,000 after acquiring an additional 852 shares during the period. Baird Financial Group Inc. increased its stake in iShares MSCI Intl Quality Factor ETF by 13.1% in the second quarter. Baird Financial Group Inc. now owns 9,406 shares of the company’s stock worth $407,000 after purchasing an additional 1,086 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of iShares MSCI Intl Quality Factor ETF during the second quarter worth $42,000. Raymond James Financial Inc. lifted its position in shares of iShares MSCI Intl Quality Factor ETF by 4.8% during the second quarter. Raymond James Financial Inc. now owns 1,803,093 shares of the company’s stock worth $77,930,000 after purchasing an additional 83,154 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in shares of iShares MSCI Intl Quality Factor ETF by 1.7% during the second quarter. Ausdal Financial Partners Inc. now owns 18,259 shares of the company’s stock valued at $789,000 after purchasing an additional 311 shares during the period.

iShares MSCI Intl Quality Factor ETF Trading Up 1.2%

NYSEARCA IQLT opened at $51.67 on Friday. The company’s 50-day moving average price is $49.49 and its 200-day moving average price is $48.54. The stock has a market cap of $14.24 billion, a PE ratio of 18.86 and a beta of 0.82. iShares MSCI Intl Quality Factor ETF has a 12 month low of $42.22 and a 12 month high of $51.77.

About iShares MSCI Intl Quality Factor ETF

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.