iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Hits New 12-Month High – Here’s Why

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.08 and last traded at $49.98, with a volume of 264752 shares. The stock had previously closed at $49.89.

iShares MSCI Intl Quality Factor ETF Price Performance

The company’s 50-day moving average is $48.85 and its 200-day moving average is $47.41. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 18.86 and a beta of 0.83.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in iShares MSCI Intl Quality Factor ETF by 4.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,312,118 shares of the company’s stock valued at $2,513,936,000 after buying an additional 2,269,023 shares during the period. Bank of America Corp DE raised its holdings in iShares MSCI Intl Quality Factor ETF by 6.6% in the third quarter. Bank of America Corp DE now owns 26,613,791 shares of the company’s stock valued at $1,176,063,000 after buying an additional 1,638,924 shares during the period. Richard Bernstein Advisors LLC raised its holdings in 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 valued at $579,508,000 after buying an additional 2,216,790 shares during the period. Ameriprise Financial Inc. raised its holdings in iShares MSCI Intl Quality Factor ETF by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 9,301,323 shares of the company’s stock valued at $402,190,000 after buying an additional 1,107,638 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in iShares MSCI Intl Quality Factor ETF by 6.1% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,839,909 shares of the company’s stock valued at $316,209,000 after buying an additional 395,337 shares during the period.

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.