iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Hits New 52-Week High – Should You Buy?

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) shares reached a new 52-week high on Tuesday . The stock traded as high as $51.90 and last traded at $51.81, with a volume of 82248 shares traded. The stock had previously closed at $51.62.

iShares MSCI Intl Quality Factor ETF Trading Up 0.1%

The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 18.86 and a beta of 0.82. The company has a fifty day moving average of $49.55 and a 200-day moving average of $48.59.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in iShares MSCI Intl Quality Factor ETF by 4.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,312,118 shares of the company’s stock valued at $2,513,936,000 after purchasing an additional 2,269,023 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of iShares MSCI Intl Quality Factor ETF by 19.6% during the second quarter. Bank of America Corp DE now owns 24,974,867 shares of the company’s stock worth $1,079,414,000 after buying an additional 4,094,153 shares in the last quarter. Richard Bernstein Advisors LLC grew its holdings in shares of iShares MSCI Intl Quality Factor ETF by 21.0% during the fourth quarter. Richard Bernstein Advisors LLC now owns 12,750,445 shares of the company’s stock worth $579,508,000 after buying an additional 2,216,790 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares MSCI Intl Quality Factor ETF by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 9,301,323 shares of the company’s stock valued at $402,190,000 after buying an additional 1,107,638 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of iShares MSCI Intl Quality Factor ETF by 6.1% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,839,909 shares of the company’s stock worth $316,209,000 after buying an additional 395,337 shares in the last quarter.

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. IQLT was launched on Jan 13, 2015 and is managed by BlackRock.