HighTower Advisors LLC Cuts Position in iShares MSCI Intl Quality Factor ETF $IQLT

HighTower Advisors LLC reduced its holdings in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,205,863 shares of the company’s stock after selling 31,757 shares during the quarter. HighTower Advisors LLC’s holdings in iShares MSCI Intl Quality Factor ETF were worth $97,477,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 1,299.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,858,904 shares of the company’s stock worth $1,463,382,000 after purchasing an additional 31,439,365 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in iShares MSCI Intl Quality Factor ETF by 3.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 31,568,040 shares of the company’s stock valued at $1,364,371,000 after acquiring an additional 974,637 shares during the period. Bank of America Corp DE lifted its holdings in iShares MSCI Intl Quality Factor ETF by 19.6% during the second quarter. Bank of America Corp DE now owns 24,974,867 shares of the company’s stock valued at $1,079,414,000 after purchasing an additional 4,094,153 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in iShares MSCI Intl Quality Factor ETF by 1.4% during the second quarter. Envestnet Asset Management Inc. now owns 18,834,601 shares of the company’s stock worth $814,031,000 after purchasing an additional 260,347 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in 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 valued at $402,190,000 after buying an additional 1,107,638 shares in the last quarter.

iShares MSCI Intl Quality Factor ETF Price Performance

NYSEARCA:IQLT opened at $48.73 on Monday. The company has a market cap of $13.27 billion, a P/E ratio of 18.86 and a beta of 0.89. iShares MSCI Intl Quality Factor ETF has a 1 year low of $35.51 and a 1 year high of $49.07. The stock’s fifty day moving average price is $46.65 and its two-hundred day moving average price is $44.91.

iShares MSCI Intl Quality Factor ETF 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.