Linscomb Wealth Inc. Decreases Holdings in iShares MSCI Intl Quality Factor ETF $IQLT

Linscomb Wealth Inc. trimmed its position in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 8.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 162,232 shares of the company’s stock after selling 15,220 shares during the quarter. Linscomb Wealth Inc.’s holdings in iShares MSCI Intl Quality Factor ETF were worth $7,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in iShares MSCI Intl Quality Factor ETF by 1,299.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,858,904 shares of the company’s stock valued at $1,463,382,000 after acquiring an additional 31,439,365 shares during the last quarter. Bank of America Corp DE boosted its position in 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 purchasing an additional 4,094,153 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Intl Quality Factor ETF by 33.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,008,860 shares of the company’s stock valued at $302,923,000 after purchasing an additional 1,741,531 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of iShares MSCI Intl Quality Factor ETF during the 2nd quarter valued at about $50,850,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of iShares MSCI Intl Quality Factor ETF by 13.5% in the 2nd 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 period.

iShares MSCI Intl Quality Factor ETF Trading Up 0.1%

IQLT opened at $47.64 on Thursday. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 18.86 and a beta of 0.89. The company’s 50 day moving average is $46.17 and its 200 day moving average is $44.63. iShares MSCI Intl Quality Factor ETF has a 12-month low of $35.51 and a 12-month high of $48.54.

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.