iShares International Equity Factor ETF (NYSEARCA:INTF) Sees Strong Trading Volume – Still a Buy?

Shares of iShares International Equity Factor ETF (NYSEARCA:INTF) saw unusually-strong trading volume on Tuesday . Approximately 300,915 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 263,357 shares.The stock last traded at $40.62 and had previously closed at $40.34.

iShares International Equity Factor ETF Stock Up 1.3%

The firm has a fifty day moving average price of $39.97 and a two-hundred day moving average price of $38.68. The stock has a market capitalization of $3.40 billion, a P/E ratio of 14.00 and a beta of 0.75.

Institutional Investors Weigh In On iShares International Equity Factor ETF

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

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.