iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sees Strong Trading Volume – Here’s Why

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) shares saw strong trading volume on Monday . 7,184,573 shares were traded during trading, an increase of 366% from the previous session’s volume of 1,542,373 shares.The stock last traded at $40.31 and had previously closed at $40.22.

iShares MSCI Intl Quality Factor ETF Trading Down 0.1 %

The stock has a market cap of $8.13 billion, a PE ratio of 20.60 and a beta of 0.90. The company’s 50 day moving average is $38.38 and its 200-day moving average is $39.31.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake 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 acquiring an additional 481,105 shares during the period. TIAA Trust National Association lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 0.4% in the 4th quarter. TIAA Trust National Association now owns 6,099,166 shares of the company’s stock worth $226,401,000 after purchasing an additional 25,469 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 7.0% in the 4th quarter. JPMorgan Chase & Co. now owns 5,836,699 shares of the company’s stock worth $216,658,000 after purchasing an additional 379,922 shares during the last quarter. Capital Investment Advisors LLC boosted its position in iShares MSCI Intl Quality Factor ETF by 5.6% during the 4th quarter. Capital Investment Advisors LLC now owns 4,690,073 shares of the company’s stock valued at $174,096,000 after purchasing an additional 247,190 shares during the period. Finally, Cerity Partners LLC grew its stake in iShares MSCI Intl Quality Factor ETF by 3.4% during the 3rd quarter. Cerity Partners LLC now owns 4,428,982 shares of the company’s stock worth $183,758,000 after buying an additional 146,253 shares during the last quarter.

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.