Northwestern Mutual Wealth Management Co. Lowers Stock Position in iShares MSCI Intl Quality Factor ETF $IQLT

Northwestern Mutual Wealth Management Co. lessened its holdings in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 67.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,396,191 shares of the company’s stock after selling 35,646,904 shares during the period. Northwestern Mutual Wealth Management Co. owned about 6.39% of iShares MSCI Intl Quality Factor ETF worth $790,657,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IQLT. Russell Investments Group Ltd. lifted its position in shares of iShares MSCI Intl Quality Factor ETF by 312.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock worth $49,000 after purchasing an additional 852 shares during the period. Baird Financial Group Inc. lifted its position in shares of iShares MSCI Intl Quality Factor ETF by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 9,406 shares of the company’s stock worth $407,000 after purchasing an additional 1,086 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of iShares MSCI Intl Quality Factor ETF in the 2nd quarter worth approximately $42,000. Raymond James Financial Inc. raised its stake in shares of iShares MSCI Intl Quality Factor ETF by 4.8% during the 2nd quarter. Raymond James Financial Inc. now owns 1,803,093 shares of the company’s stock worth $77,930,000 after acquiring an additional 83,154 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in shares of iShares MSCI Intl Quality Factor ETF by 1.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 18,259 shares of the company’s stock worth $789,000 after acquiring an additional 311 shares in the last quarter.

iShares MSCI Intl Quality Factor ETF Stock Down 1.6%

NYSEARCA IQLT opened at $48.35 on Friday. The firm has a market cap of $12.74 billion, a PE ratio of 18.86 and a beta of 0.84. The company has a 50 day moving average price of $47.62 and a 200 day moving average price of $46.76. iShares MSCI Intl Quality Factor ETF has a 52 week low of $41.20 and a 52 week high of $50.00.

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.