Royal Bank of Canada Trims Holdings in iShares MSCI Intl Quality Factor ETF $IQLT

Royal Bank of Canada lessened its holdings in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 24.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,302,963 shares of the company’s stock after selling 416,423 shares during the period. Royal Bank of Canada owned approximately 0.49% of iShares MSCI Intl Quality Factor ETF worth $60,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IQLT. Trust Co. of Toledo NA OH grew its position in iShares MSCI Intl Quality Factor ETF by 436.9% during the 4th quarter. Trust Co. of Toledo NA OH now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares during the period. Arax Advisory Partners purchased a new position in shares of iShares MSCI Intl Quality Factor ETF during the 4th quarter valued at about $37,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares MSCI Intl Quality Factor ETF in the 2nd quarter valued at about $42,000. Lloyd Advisory Services LLC. acquired a new position in shares of iShares MSCI Intl Quality Factor ETF in the 4th quarter valued at about $44,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of iShares MSCI Intl Quality Factor ETF by 312.1% in the second quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock worth $49,000 after buying an additional 852 shares during the last quarter.

iShares MSCI Intl Quality Factor ETF Stock Down 0.8%

Shares of IQLT opened at $50.17 on Friday. The company has a market capitalization of $13.82 billion, a price-to-earnings ratio of 18.86 and a beta of 0.83. iShares MSCI Intl Quality Factor ETF has a 52 week low of $41.20 and a 52 week high of $50.61. The stock’s 50-day moving average price is $49.33 and its 200-day moving average price is $48.40.

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.