iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) saw an uptick in trading volume on Thursday . 5,056,465 shares changed hands during trading, an increase of 294% from the previous session’s volume of 1,283,353 shares.The stock last traded at $39.54 and had previously closed at $39.33.

iShares MSCI Intl Quality Factor ETF Stock Performance

The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 16.83 and a beta of 0.90. The business’s 50 day moving average is $38.22 and its 200 day moving average is $39.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of iShares MSCI Intl Quality Factor ETF by 1.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,005,400 shares of the company’s stock valued at $1,150,920,000 after purchasing an additional 481,105 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 5,456,777 shares of the company’s stock worth $226,402,000 after buying an additional 589,511 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in iShares MSCI Intl Quality Factor ETF by 5.6% during the fourth quarter. Capital Investment Advisors LLC now owns 4,690,073 shares of the company’s stock worth $174,096,000 after buying an additional 247,190 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of iShares MSCI Intl Quality Factor ETF by 3.4% in the 3rd quarter. Cerity Partners LLC now owns 4,428,982 shares of the company’s stock valued at $183,758,000 after acquiring an additional 146,253 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of iShares MSCI Intl Quality Factor ETF by 3.5% in the third quarter. LPL Financial LLC now owns 3,351,160 shares of the company’s stock worth $139,040,000 after acquiring an additional 112,650 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.