Modern Wealth Management LLC Purchases New Position in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)

Modern Wealth Management LLC purchased a new stake in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 44,882 shares of the company’s stock, valued at approximately $1,767,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Intl Quality Factor ETF during the fourth quarter valued at about $61,044,000. JPMorgan Chase & Co. lifted its holdings in 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 period. LPL Financial LLC boosted its position in iShares MSCI Intl Quality Factor ETF by 17.5% during the 4th quarter. LPL Financial LLC now owns 3,938,589 shares of the company’s stock valued at $146,200,000 after acquiring an additional 587,429 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of iShares MSCI Intl Quality Factor ETF by 1.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 31,005,400 shares of the company’s stock worth $1,150,920,000 after acquiring an additional 481,105 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in shares of iShares MSCI Intl Quality Factor ETF in the 4th quarter worth approximately $15,715,000.

iShares MSCI Intl Quality Factor ETF Stock Up 0.4 %

IQLT opened at $40.64 on Wednesday. iShares MSCI Intl Quality Factor ETF has a 52 week low of $36.57 and a 52 week high of $41.93. The stock has a market cap of $8.98 billion, a PE ratio of 20.27 and a beta of 0.89. The business has a 50 day moving average of $39.70 and a 200-day moving average of $39.35.

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.