PNC Financial Services Group Inc. Sells 4,136,004 Shares of iShares MSCI Intl Quality Factor ETF $IQLT

PNC Financial Services Group Inc. reduced its stake in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 18.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,239,931 shares of the company’s stock after selling 4,136,004 shares during the period. PNC Financial Services Group Inc. owned 0.07% of iShares MSCI Intl Quality Factor ETF worth $829,005,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IQLT. Ashton Thomas Private Wealth LLC bought a new stake in iShares MSCI Intl Quality Factor ETF in the third quarter worth approximately $777,000. Carnegie Investment Counsel raised its holdings in iShares MSCI Intl Quality Factor ETF by 9.6% during the fourth quarter. Carnegie Investment Counsel now owns 834,200 shares of the company’s stock worth $37,914,000 after buying an additional 72,725 shares during the last quarter. Savvy Advisors Inc. lifted its position in iShares MSCI Intl Quality Factor ETF by 41.1% in the 4th quarter. Savvy Advisors Inc. now owns 86,493 shares of the company’s stock valued at $3,931,000 after acquiring an additional 25,174 shares in the last quarter. BIP Wealth LLC bought a new position in shares of iShares MSCI Intl Quality Factor ETF in the fourth quarter valued at approximately $1,301,000. Finally, Colonial Trust Advisors lifted its stake in iShares MSCI Intl Quality Factor ETF by 7.1% during the 3rd quarter. Colonial Trust Advisors now owns 233,575 shares of the company’s stock valued at $10,322,000 after acquiring an additional 15,496 shares in the last quarter.

iShares MSCI Intl Quality Factor ETF Stock Performance

iShares MSCI Intl Quality Factor ETF stock opened at $48.49 on Wednesday. iShares MSCI Intl Quality Factor ETF has a fifty-two week low of $41.20 and a fifty-two week high of $50.00. The firm’s 50-day simple moving average is $47.69 and its 200 day simple moving average is $46.82. The stock has a market cap of $12.78 billion, a PE ratio of 18.86 and a beta of 0.84.

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.