MML Investors Services LLC Sells 354,344 Shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)

MML Investors Services LLC lowered its stake in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 24.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,080,133 shares of the company’s stock after selling 354,344 shares during the quarter. MML Investors Services LLC’s holdings in iShares MSCI Intl Quality Factor ETF were worth $40,095,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in iShares MSCI Intl Quality Factor ETF during the fourth quarter worth $61,044,000. Wells Fargo & Company MN raised its holdings in shares of iShares MSCI Intl Quality Factor ETF by 694.2% in the 4th quarter. Wells Fargo & Company MN now owns 788,617 shares of the company’s stock valued at $29,273,000 after purchasing an additional 689,315 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI Intl Quality Factor ETF by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,456,777 shares of the company’s stock valued at $226,402,000 after purchasing an additional 589,511 shares during the period. LPL Financial LLC lifted its stake in iShares MSCI Intl Quality Factor ETF by 17.5% in the 4th quarter. LPL Financial LLC now owns 3,938,589 shares of the company’s stock valued at $146,200,000 after purchasing an additional 587,429 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in iShares MSCI Intl Quality Factor ETF by 1.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,005,400 shares of the company’s stock worth $1,150,920,000 after purchasing an additional 481,105 shares during the period.

iShares MSCI Intl Quality Factor ETF Trading Up 1.0 %

IQLT stock opened at $39.76 on Monday. iShares MSCI Intl Quality Factor ETF has a 1-year low of $35.51 and a 1-year high of $41.93. The business’s 50 day simple moving average is $39.73 and its 200 day simple moving average is $39.09. The firm has a market capitalization of $8.93 billion, a PE ratio of 18.79 and a beta of 0.86.

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.