iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Shares Cross Above Fifty Day Moving Average – Here’s Why

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $50.23 and traded as high as $50.95. iShares MSCI Intl Quality Factor ETF shares last traded at $50.83, with a volume of 1,272,482 shares trading hands.

iShares MSCI Intl Quality Factor ETF Price Performance

The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 18.56 and a beta of 0.82. The company’s 50 day moving average is $50.21 and its 200 day moving average is $49.26.

Institutional Investors Weigh In On iShares MSCI Intl Quality Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Dedication LLC acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF in the 3rd quarter worth approximately $29,000. Compass Financial Management LLC acquired a new position in iShares MSCI Intl Quality Factor ETF during the third quarter worth $33,000. TD Capital Management LLC acquired a new position in iShares MSCI Intl Quality Factor ETF during the third quarter worth $52,000. Root Financial Partners LLC acquired a new position in iShares MSCI Intl Quality Factor ETF during the third quarter worth $55,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in iShares MSCI Intl Quality Factor ETF during the first quarter worth $99,000.

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.