iShares International Equity Factor ETF (NYSEARCA:INTF) Reaches New 12-Month High – Should You Buy?

iShares International Equity Factor ETF (NYSEARCA:INTF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.21 and last traded at $43.17, with a volume of 5681 shares. The stock had previously closed at $42.94.

iShares International Equity Factor ETF Stock Performance

The stock has a 50 day moving average of $41.40 and a 200 day moving average of $40.74. The stock has a market capitalization of $3.72 billion, a P/E ratio of 14.00 and a beta of 0.74.

Hedge Funds Weigh In On iShares International Equity Factor ETF

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares International Equity Factor ETF by 10.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,066,471 shares of the company’s stock worth $719,759,000 after purchasing an additional 1,823,907 shares during the period. Sequoia Financial Advisors LLC acquired a new position in iShares International Equity Factor ETF during the 4th quarter valued at about $29,930,000. Invesco Ltd. raised its position in shares of iShares International Equity Factor ETF by 25.4% during the 3rd quarter. Invesco Ltd. now owns 3,160,000 shares of the company’s stock worth $113,476,000 after buying an additional 640,000 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of iShares International Equity Factor ETF in the 4th quarter worth approximately $23,427,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of iShares International Equity Factor ETF by 61.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,059,484 shares of the company’s stock worth $36,264,000 after acquiring an additional 402,408 shares during the period.

About iShares International Equity Factor ETF

The iShares International Equity Factor ETF (INTF) is an exchange-traded fund that is based on the STOXX International Equity Factor index. The fund tracks an index of large- and mid-cap equities in developed markets outside the US. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size. INTF was launched on Apr 28, 2015 and is managed by BlackRock.