Modern Wealth Management LLC Increases Holdings in iShares MSCI Intl Quality Factor ETF $IQLT

Modern Wealth Management LLC lifted its holdings in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 35.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,396,649 shares of the company’s stock after acquiring an additional 368,864 shares during the period. iShares MSCI Intl Quality Factor ETF accounts for approximately 1.1% of Modern Wealth Management LLC’s holdings, making the stock its 19th biggest holding. Modern Wealth Management LLC’s holdings in iShares MSCI Intl Quality Factor ETF were worth $65,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IRON Financial LLC increased its stake in iShares MSCI Intl Quality Factor ETF by 1.2% during the first quarter. IRON Financial LLC now owns 17,668 shares of the company’s stock worth $817,000 after acquiring an additional 215 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in iShares MSCI Intl Quality Factor ETF by 0.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 48,517 shares of the company’s stock valued at $2,302,000 after purchasing an additional 224 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of iShares MSCI Intl Quality Factor ETF by 1.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 19,104 shares of the company’s stock valued at $883,000 after purchasing an additional 250 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 15.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,987 shares of the company’s stock worth $90,000 after purchasing an additional 263 shares during the period. Finally, Opes Wealth Management LLC boosted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 0.6% in the 4th quarter. Opes Wealth Management LLC now owns 43,734 shares of the company’s stock worth $1,988,000 after purchasing an additional 269 shares during the period.

iShares MSCI Intl Quality Factor ETF Stock Performance

NYSEARCA IQLT opened at $49.29 on Friday. The business’s 50 day moving average price is $49.23 and its 200-day moving average price is $48.28. iShares MSCI Intl Quality Factor ETF has a fifty-two week low of $41.20 and a fifty-two week high of $50.08. The company has a market cap of $13.58 billion, a P/E ratio of 18.86 and a beta of 0.83.

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. IQLT was launched on Jan 13, 2015 and is managed by BlackRock.