iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Hits New 12-Month High – Here’s Why

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $50.71 and last traded at $50.67, with a volume of 52464 shares traded. The stock had previously closed at $50.36.

iShares MSCI Intl Quality Factor ETF Stock Up 0.8%

The company has a market cap of $13.98 billion, a price-to-earnings ratio of 18.86 and a beta of 0.83. The firm has a 50 day moving average price of $49.35 and a two-hundred day moving average price of $48.44.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH lifted its stake in shares of iShares MSCI Intl Quality Factor ETF by 436.9% in the 4th quarter. Trust Co. of Toledo NA OH now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 450 shares during the period. Arax Advisory Partners acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF during the 4th quarter worth approximately $37,000. Qube Research & Technologies Ltd bought a new stake in shares of iShares MSCI Intl Quality Factor ETF in the 2nd quarter valued at $42,000. Lloyd Advisory Services LLC. acquired a new position in shares of iShares MSCI Intl Quality Factor ETF during the 4th quarter valued at $44,000. Finally, Russell Investments Group Ltd. lifted its position in shares of iShares MSCI Intl Quality Factor ETF by 312.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock valued at $49,000 after acquiring an additional 852 shares during the period.

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.