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

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.54 and last traded at $47.8560, with a volume of 1916585 shares changing hands. The stock had previously closed at $47.98.

iShares MSCI Intl Quality Factor ETF Price Performance

The business’s 50-day moving average is $45.97 and its two-hundred day moving average is $44.51. The firm has a market cap of $14.24 billion, a P/E ratio of 18.86 and a beta of 0.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC raised its stake in shares of iShares MSCI Intl Quality Factor ETF by 0.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 48,517 shares of the company’s stock worth $2,302,000 after purchasing an additional 224 shares in the last quarter. Purkiss Capital Advisors LLC raised its position in iShares MSCI Intl Quality Factor ETF by 0.6% during the third quarter. Purkiss Capital Advisors LLC now owns 40,533 shares of the company’s stock worth $1,791,000 after acquiring an additional 229 shares in the last quarter. IRON Financial LLC lifted its stake in iShares MSCI Intl Quality Factor ETF by 1.3% in the third quarter. IRON Financial LLC now owns 18,118 shares of the company’s stock valued at $801,000 after acquiring an additional 233 shares during the last quarter. Cherry Tree Wealth Management LLC grew its position in shares of iShares MSCI Intl Quality Factor ETF by 5.3% in the 3rd quarter. Cherry Tree Wealth Management LLC now owns 4,657 shares of the company’s stock valued at $206,000 after acquiring an additional 233 shares during the period. Finally, Assetmark Inc. increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 2.2% during the 3rd quarter. Assetmark Inc. now owns 10,694 shares of the company’s stock worth $473,000 after purchasing an additional 235 shares during 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.