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

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) shares saw an uptick in trading volume on Thursday . 5,056,465 shares traded hands during trading, an increase of 294% from the previous session’s volume of 1,283,353 shares.The stock last traded at $39.54 and had previously closed at $39.33.

iShares MSCI Intl Quality Factor ETF Stock Performance

The company’s 50-day simple moving average is $38.21 and its 200-day simple moving average is $39.19. The company has a market capitalization of $8.16 billion, a PE ratio of 16.83 and a beta of 0.90.

Institutional Trading of iShares MSCI Intl Quality Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IQLT. Avior Wealth Management LLC raised its stake in shares of iShares MSCI Intl Quality Factor ETF by 85.7% during the fourth quarter. Avior Wealth Management LLC now owns 934 shares of the company’s stock worth $35,000 after purchasing an additional 431 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF in the 3rd quarter worth $42,000. JDM Financial Group LLC purchased a new stake in shares of iShares MSCI Intl Quality Factor ETF in the third quarter valued at about $52,000. Fifth Third Bancorp raised its holdings in iShares MSCI Intl Quality Factor ETF by 145.7% during the fourth quarter. Fifth Third Bancorp now owns 1,575 shares of the company’s stock worth $58,000 after purchasing an additional 934 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in iShares MSCI Intl Quality Factor ETF by 287.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,788 shares of the company’s stock valued at $116,000 after purchasing an additional 2,069 shares in 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.