iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Hits New 1-Year High – Should You Buy?

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $47.21 and last traded at $47.1450, with a volume of 47453 shares traded. The stock had previously closed at $47.00.

iShares MSCI Intl Quality Factor ETF Stock Up 0.4%

The stock has a market capitalization of $14.13 billion, a P/E ratio of 18.86 and a beta of 0.89. The business has a 50-day simple moving average of $45.34 and a two-hundred day simple moving average of $44.21.

Institutional Investors Weigh In On iShares MSCI Intl Quality Factor ETF

Hedge funds have recently added to or reduced their stakes in the business. Guerra Advisors Inc acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF during the 3rd quarter worth about $27,000. GAMMA Investing LLC grew its holdings in iShares MSCI Intl Quality Factor ETF by 244.0% in the 2nd quarter. GAMMA Investing LLC now owns 829 shares of the company’s stock valued at $36,000 after buying an additional 588 shares in the last quarter. Independence Bank of Kentucky bought a new position in iShares MSCI Intl Quality Factor ETF during the 2nd quarter worth $41,000. Qube Research & Technologies Ltd acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF during the second quarter worth $42,000. Finally, Russell Investments Group Ltd. boosted its position 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 valued at $49,000 after acquiring an additional 852 shares during the period.

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.