Archer Investment Management LLC Acquires Shares of 229,282 iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)

Archer Investment Management LLC acquired a new stake in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 229,282 shares of the company’s stock, valued at approximately $8,511,000. iShares MSCI Intl Quality Factor ETF accounts for 5.2% of Archer Investment Management LLC’s investment portfolio, making the stock its 7th largest position.

A number of other institutional investors have also recently bought and sold shares of IQLT. Financial Strategies Group Inc. grew its stake in shares of iShares MSCI Intl Quality Factor ETF by 3.4% during the 4th quarter. Financial Strategies Group Inc. now owns 1,009,108 shares of the company’s stock worth $37,408,000 after acquiring an additional 32,734 shares during the period. Cook Wealth LLC grew its stake in shares of iShares MSCI Intl Quality Factor ETF by 5.6% during the 4th quarter. Cook Wealth LLC now owns 361,175 shares of the company’s stock worth $13,999,000 after acquiring an additional 19,027 shares during the period. Adamsbrown Wealth Consultants LLC grew its stake in shares of iShares MSCI Intl Quality Factor ETF by 7.6% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 94,870 shares of the company’s stock worth $3,522,000 after acquiring an additional 6,666 shares during the period. DAVENPORT & Co LLC boosted its stake in iShares MSCI Intl Quality Factor ETF by 14.0% in the 4th quarter. DAVENPORT & Co LLC now owns 76,362 shares of the company’s stock worth $2,835,000 after purchasing an additional 9,360 shares during the period. Finally, My Personal CFO LLC boosted its stake in iShares MSCI Intl Quality Factor ETF by 20.2% in the 4th quarter. My Personal CFO LLC now owns 55,200 shares of the company’s stock worth $2,049,000 after purchasing an additional 9,272 shares during the period.

iShares MSCI Intl Quality Factor ETF Stock Down 1.0 %

Shares of NYSEARCA IQLT opened at $38.51 on Tuesday. iShares MSCI Intl Quality Factor ETF has a 52 week low of $36.57 and a 52 week high of $41.93. The business has a 50-day simple moving average of $38.18 and a two-hundred day simple moving average of $39.19. The company has a market cap of $7.96 billion, a P/E ratio of 16.83 and a beta of 0.90.

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.