Nova R Wealth Inc. Acquires 2,088 Shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)

Nova R Wealth Inc. raised its position in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 4.9% in the second quarter, HoldingsChannel.com reports. The firm owned 44,560 shares of the company’s stock after purchasing an additional 2,088 shares during the quarter. iShares MSCI Intl Quality Factor ETF accounts for approximately 0.9% of Nova R Wealth Inc.’s portfolio, making the stock its 23rd biggest holding. Nova R Wealth Inc.’s holdings in iShares MSCI Intl Quality Factor ETF were worth $1,740,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in iShares MSCI Intl Quality Factor ETF by 2,000.0% during the 1st quarter. Fifth Third Bancorp now owns 798 shares of the company’s stock valued at $32,000 after purchasing an additional 760 shares during the period. Gleason Group Inc. acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF during the 2nd quarter worth approximately $35,000. Laffer Tengler Investments Inc. acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF during the 4th quarter worth approximately $43,000. NewSquare Capital LLC acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF during the 4th quarter worth approximately $48,000. Finally, SouthState Corp grew its position in shares of iShares MSCI Intl Quality Factor ETF by 100.0% during the 4th quarter. SouthState Corp now owns 2,000 shares of the company’s stock worth $75,000 after buying an additional 1,000 shares during the period.

iShares MSCI Intl Quality Factor ETF Stock Performance

Shares of IQLT stock traded up $0.23 during trading hours on Friday, hitting $39.95. 525,078 shares of the company were exchanged, compared to its average volume of 1,082,205. The firm has a market cap of $8.26 billion, a P/E ratio of 16.83 and a beta of 0.90. iShares MSCI Intl Quality Factor ETF has a fifty-two week low of $32.28 and a fifty-two week high of $40.69. The company has a 50 day simple moving average of $39.19 and a two-hundred day simple moving average of $39.03.

iShares MSCI Intl Quality Factor ETF 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.