iShares International Equity Factor ETF (NYSEARCA:INTF) Hits New 12-Month High – Here’s Why

iShares International Equity Factor ETF (NYSEARCA:INTF) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $41.91 and last traded at $41.91, with a volume of 13490 shares changing hands. The stock had previously closed at $41.29.

iShares International Equity Factor ETF Stock Up 1.0%

The company has a market capitalization of $3.42 billion, a P/E ratio of 14.00 and a beta of 0.77. The stock has a fifty day simple moving average of $40.03 and a 200-day simple moving average of $38.32.

Hedge Funds Weigh In On iShares International Equity Factor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in iShares International Equity Factor ETF during the second quarter worth about $28,000. Arax Advisory Partners bought a new position in shares of iShares International Equity Factor ETF during the 4th quarter valued at about $34,000. Root Financial Partners LLC bought a new position in shares of iShares International Equity Factor ETF during the 3rd quarter valued at about $35,000. Maseco LLP bought a new stake in iShares International Equity Factor ETF in the 4th quarter valued at approximately $53,000. Finally, Private Trust Co. NA lifted its stake in iShares International Equity Factor ETF by 390.2% in the 4th quarter. Private Trust Co. NA now owns 1,608 shares of the company’s stock valued at $61,000 after acquiring an additional 1,280 shares in the last quarter.

About iShares International Equity Factor ETF

The iShares International Equity Factor ETF (INTF) is an exchange-traded fund that is based on the STOXX International Equity Factor index. The fund tracks an index of large- and mid-cap equities in developed markets outside the US. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size. INTF was launched on Apr 28, 2015 and is managed by BlackRock.