iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Hits New 52-Week High – Should You Buy?

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $49.14 and last traded at $49.0650, with a volume of 627692 shares traded. The stock had previously closed at $48.82.

iShares MSCI Intl Quality Factor ETF Stock Performance

The stock’s 50 day moving average price is $46.81 and its 200 day moving average price is $45.01. The company has a market capitalization of $13.33 billion, a P/E ratio of 18.86 and a beta of 0.89.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IQLT. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares MSCI Intl Quality Factor ETF by 4.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,312,118 shares of the company’s stock valued at $2,513,936,000 after purchasing an additional 2,269,023 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in iShares MSCI Intl Quality Factor ETF by 3.2% in the second quarter. PNC Financial Services Group Inc. now owns 31,568,040 shares of the company’s stock valued at $1,364,371,000 after buying an additional 974,637 shares during the period. Bank of America Corp DE boosted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 6.6% during the 3rd quarter. Bank of America Corp DE now owns 26,613,791 shares of the company’s stock worth $1,176,063,000 after buying an additional 1,638,924 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI Intl Quality Factor ETF by 1.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,834,601 shares of the company’s stock worth $814,031,000 after buying an additional 260,347 shares during the period. Finally, Richard Bernstein Advisors LLC grew its position in shares of iShares MSCI Intl Quality Factor ETF by 21.0% during the 4th quarter. Richard Bernstein Advisors LLC now owns 12,750,445 shares of the company’s stock worth $579,508,000 after buying an additional 2,216,790 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.