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 on Tuesday . The stock traded as high as $50.71 and last traded at $50.67, with a volume of 52464 shares changing hands. The stock had previously closed at $50.36.

iShares MSCI Intl Quality Factor ETF Trading Up 0.8%

The company has a market cap of $13.98 billion, a P/E ratio of 18.86 and a beta of 0.83. The stock’s 50-day moving average price is $49.35 and its 200-day moving average price is $48.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares MSCI Intl Quality Factor ETF by 4.3% during 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 acquiring an additional 2,269,023 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 19.6% in the 2nd 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 in the last quarter. Richard Bernstein Advisors LLC grew its position in iShares MSCI Intl Quality Factor ETF by 21.0% in the 4th quarter. Richard Bernstein Advisors LLC now owns 12,750,445 shares of the company’s stock valued at $579,508,000 after purchasing an additional 2,216,790 shares during the period. Ameriprise Financial Inc. grew its position 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 purchasing an additional 1,107,638 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in iShares MSCI Intl Quality Factor ETF by 6.1% during the 1st 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 purchasing an additional 395,337 shares in 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.