iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sets New 1-Year High – Time to Buy?

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)’s stock price reached a new 52-week high on Tuesday . The company 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 Stock Performance

The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 18.86 and a beta of 0.82. The firm has a fifty day moving average price of $49.41 and a 200-day moving average price of $48.49.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Several hedge funds have recently bought and sold shares of IQLT. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares MSCI Intl Quality Factor ETF by 4.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,312,118 shares of the company’s stock worth $2,513,936,000 after acquiring an additional 2,269,023 shares in the last quarter. Bank of America Corp DE lifted its stake 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 worth $1,079,414,000 after purchasing an additional 4,094,153 shares during the last quarter. Richard Bernstein Advisors LLC boosted its holdings in shares of 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 in the last quarter. Ameriprise Financial Inc. increased 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 valued at $402,190,000 after purchasing an additional 1,107,638 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of 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 worth $316,209,000 after buying an additional 395,337 shares in the last quarter.

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.