iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Hits New 12-Month High – What’s Next?

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 $51.90 and last traded at $51.81, with a volume of 82248 shares traded. The stock had previously closed at $51.62.

iShares MSCI Intl Quality Factor ETF Stock Performance

The stock’s fifty day moving average price is $49.65 and its 200-day moving average price is $48.65. The firm has a market cap of $14.25 billion, a PE ratio of 18.86 and a beta of 0.82.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake 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 boosted its position 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 in the last quarter. Richard Bernstein Advisors LLC boosted its position in iShares MSCI Intl Quality Factor ETF by 21.0% during the fourth quarter. Richard Bernstein Advisors LLC now owns 12,750,445 shares of the company’s stock worth $579,508,000 after purchasing an additional 2,216,790 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in iShares MSCI Intl Quality Factor ETF by 13.5% in the second 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 grew its holdings in iShares MSCI Intl Quality Factor ETF by 6.1% in the first 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 during 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.