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

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)’s share price reached a new 52-week high on Tuesday . The company traded as high as $49.28 and last traded at $49.06, with a volume of 2525323 shares traded. The stock had previously closed at $49.26.

iShares MSCI Intl Quality Factor ETF Stock Performance

The firm has a market cap of $13.36 billion, a PE ratio of 18.86 and a beta of 0.89. The stock has a 50 day simple moving average of $47.09 and a two-hundred day simple moving average of $45.20.

Institutional Investors Weigh In On iShares MSCI Intl Quality Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Trust Co. of Toledo NA OH raised its position in iShares MSCI Intl Quality Factor ETF by 436.9% in the fourth 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. Guerra Advisors Inc purchased a new stake in iShares MSCI Intl Quality Factor ETF in the 3rd quarter valued at about $27,000. Arax Advisory Partners purchased a new position in iShares MSCI Intl Quality Factor ETF during the fourth quarter worth about $37,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares MSCI Intl Quality Factor ETF in the 2nd quarter valued at approximately $42,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in iShares MSCI Intl Quality Factor ETF in the fourth quarter valued at approximately $44,000.

iShares MSCI Intl Quality Factor ETF Company Profile

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.