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

Shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $45.79 and last traded at $45.7460, with a volume of 28234 shares. The stock had previously closed at $45.72.

iShares MSCI Intl Quality Factor ETF Price Performance

The stock has a market cap of $13.38 billion, a PE ratio of 18.86 and a beta of 0.89. The stock has a 50-day moving average price of $44.81 and a two-hundred day moving average price of $43.81.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Guerra Advisors Inc acquired a new position in iShares MSCI Intl Quality Factor ETF during the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC increased its holdings in iShares MSCI Intl Quality Factor ETF by 244.0% in the 2nd quarter. GAMMA Investing LLC now owns 829 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the last quarter. Independence Bank of Kentucky purchased a new position in iShares MSCI Intl Quality Factor ETF during the 2nd quarter valued at about $41,000. Qube Research & Technologies Ltd purchased a new stake in iShares MSCI Intl Quality Factor ETF during the 2nd quarter worth about $42,000. Finally, Russell Investments Group Ltd. grew its stake in shares of iShares MSCI Intl Quality Factor ETF by 312.1% during the second quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock worth $49,000 after purchasing an additional 852 shares in the last quarter.

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.