iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Reaches New 12-Month High – What’s Next?

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $50.15 and last traded at $49.87, with a volume of 1618480 shares trading hands. The stock had previously closed at $49.68.

iShares MSCI Intl Quality Factor ETF Price Performance

The business has a fifty day moving average price of $49.29 and a two-hundred day moving average price of $48.34. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 18.86 and a beta of 0.83.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IQLT. Northwestern Mutual Wealth Management Co. lifted its stake in iShares MSCI Intl Quality Factor ETF by 4.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,312,118 shares of the company’s stock valued at $2,513,936,000 after acquiring an additional 2,269,023 shares during the period. Bank of America Corp DE increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 19.6% in the second quarter. Bank of America Corp DE now owns 24,974,867 shares of the company’s stock worth $1,079,414,000 after acquiring an additional 4,094,153 shares during the period. Richard Bernstein Advisors LLC increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 21.0% in the fourth quarter. Richard Bernstein Advisors LLC now owns 12,750,445 shares of the company’s stock worth $579,508,000 after acquiring an additional 2,216,790 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares MSCI Intl Quality Factor ETF by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 9,301,323 shares of the company’s stock worth $402,190,000 after purchasing an additional 1,107,638 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of iShares MSCI Intl Quality Factor ETF by 6.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,839,909 shares of the company’s stock worth $316,209,000 after purchasing an additional 395,337 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.