iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sets New 1-Year High – Still a Buy?

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) shares reached a new 52-week high during trading on Friday . The company traded as high as $47.28 and last traded at $47.2950, with a volume of 605952 shares changing hands. The stock had previously closed at $47.09.

iShares MSCI Intl Quality Factor ETF Trading Up 0.6%

The firm’s fifty day moving average price is $45.50 and its 200-day moving average price is $44.31. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 18.86 and a beta of 0.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in iShares MSCI Intl Quality Factor ETF by 56.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 53,043,095 shares of the company’s stock valued at $2,343,974,000 after buying an additional 19,184,191 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in iShares MSCI Intl Quality Factor ETF by 3.2% during the second quarter. PNC Financial Services Group Inc. now owns 31,568,040 shares of the company’s stock valued at $1,364,371,000 after buying an additional 974,637 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of iShares MSCI Intl Quality Factor ETF by 6.6% in the 3rd quarter. Bank of America Corp DE now owns 26,613,791 shares of the company’s stock valued at $1,176,063,000 after acquiring an additional 1,638,924 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares MSCI Intl Quality Factor ETF by 1.4% during the second quarter. Envestnet Asset Management Inc. now owns 18,834,601 shares of the company’s stock worth $814,031,000 after purchasing an additional 260,347 shares during the last quarter. Finally, Richard Bernstein Advisors LLC boosted its holdings in iShares MSCI Intl Quality Factor ETF by 15.3% in the third quarter. Richard Bernstein Advisors LLC now owns 10,533,655 shares of the company’s stock worth $467,375,000 after purchasing an additional 1,399,534 shares during the period.

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.