Parallel Advisors LLC Sells 59,853 Shares of iShares MSCI Intl Quality Factor ETF $IQLT

Parallel Advisors LLC trimmed its stake in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 27.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,688 shares of the company’s stock after selling 59,853 shares during the quarter. Parallel Advisors LLC owned about 0.06% of iShares MSCI Intl Quality Factor ETF worth $7,336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IQLT. Northwestern Mutual Wealth Management Co. raised its holdings in iShares MSCI Intl Quality Factor ETF by 56.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 53,043,095 shares of the company’s stock valued at $2,343,974,000 after acquiring an additional 19,184,191 shares during the period. Bank of America Corp DE grew its position in shares of iShares MSCI Intl Quality Factor ETF by 19.6% in the second quarter. Bank of America Corp DE now owns 24,974,867 shares of the company’s stock valued at $1,079,414,000 after purchasing an additional 4,094,153 shares during the last quarter. Richard Bernstein Advisors LLC grew its position in shares of iShares MSCI Intl Quality Factor ETF by 21.0% in the fourth quarter. Richard Bernstein Advisors LLC now owns 12,750,445 shares of the company’s stock valued at $579,508,000 after purchasing an additional 2,216,790 shares during the last quarter. OpenArc Corporate Advisory LLC acquired a new position in shares of iShares MSCI Intl Quality Factor ETF in the fourth quarter valued at approximately $90,603,000. Finally, Dynasty Wealth Management LLC bought a new position in shares of iShares MSCI Intl Quality Factor ETF during the fourth quarter worth approximately $74,227,000.

iShares MSCI Intl Quality Factor ETF Trading Up 0.3%

NYSEARCA:IQLT opened at $51.12 on Thursday. The stock has a market cap of $14.08 billion, a P/E ratio of 18.86 and a beta of 0.82. The stock has a 50 day simple moving average of $49.41 and a 200 day simple moving average of $48.49. iShares MSCI Intl Quality Factor ETF has a 1-year low of $41.99 and a 1-year high of $51.35.

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.