iShares International Equity Factor ETF (NYSEARCA:INTF) Sees Strong Trading Volume – Here’s Why

iShares International Equity Factor ETF (NYSEARCA:INTF) saw an uptick in trading volume on Friday . 491,908 shares changed hands during trading, an increase of 84% from the previous session’s volume of 267,467 shares.The stock last traded at $43.06 and had previously closed at $42.79.

iShares International Equity Factor ETF Stock Up 0.8%

The firm has a market cap of $3.72 billion, a P/E ratio of 14.00 and a beta of 0.74. The firm’s 50-day simple moving average is $41.67 and its 200 day simple moving average is $40.90.

Institutional Investors Weigh In On iShares International Equity Factor ETF

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in iShares International Equity Factor ETF in the second quarter valued at approximately $28,000. Legacy Wealth Managment LLC ID increased its position in iShares International Equity Factor ETF by 1,981.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 791 shares of the company’s stock worth $31,000 after buying an additional 753 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in iShares International Equity Factor ETF in the first quarter worth $32,000. Arax Advisory Partners bought a new stake in shares of iShares International Equity Factor ETF in the fourth quarter valued at $34,000. Finally, Private Trust Co. NA raised its stake in shares of iShares International Equity Factor ETF by 390.2% in the fourth quarter. Private Trust Co. NA now owns 1,608 shares of the company’s stock valued at $61,000 after buying an additional 1,280 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.