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

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $47.28 and last traded at $47.2950, with a volume of 605952 shares traded. The stock had previously closed at $47.09.

iShares MSCI Intl Quality Factor ETF Price Performance

The stock has a market cap of $14.19 billion, a PE ratio of 18.86 and a beta of 0.89. The business has a 50 day moving average price of $45.55 and a two-hundred day moving average price of $44.35.

Institutional Investors Weigh In On iShares MSCI Intl Quality Factor ETF

A number of large investors have recently added to or reduced their stakes in IQLT. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 2.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 81,911 shares of the company’s stock worth $3,537,000 after purchasing an additional 1,866 shares during the period. Farther Finance Advisors LLC lifted its holdings in iShares MSCI Intl Quality Factor ETF by 207.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 12,851 shares of the company’s stock worth $555,000 after buying an additional 8,671 shares during the period. Park Avenue Securities LLC grew its position in shares of iShares MSCI Intl Quality Factor ETF by 59.7% in the 2nd quarter. Park Avenue Securities LLC now owns 11,337 shares of the company’s stock worth $490,000 after buying an additional 4,237 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 244.0% during the second quarter. GAMMA Investing LLC now owns 829 shares of the company’s stock valued at $36,000 after buying an additional 588 shares during the period. Finally, Kathmere Capital Management LLC increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 1.0% during the second quarter. Kathmere Capital Management LLC now owns 437,453 shares of the company’s stock valued at $18,907,000 after buying an additional 4,456 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.