NewEdge Wealth LLC Trims Stock Holdings in iShares MSCI Intl Quality Factor ETF $IQLT

NewEdge Wealth LLC lessened its holdings in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 33.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 699,202 shares of the company’s stock after selling 345,312 shares during the quarter. NewEdge Wealth LLC owned 0.24% of iShares MSCI Intl Quality Factor ETF worth $31,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Maridea Wealth Management LLC acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF during the third quarter worth approximately $532,000. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in iShares MSCI Intl Quality Factor ETF by 11.6% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 63,191 shares of the company’s stock valued at $2,792,000 after acquiring an additional 6,568 shares during the last quarter. Valence8 US LP grew its holdings in iShares MSCI Intl Quality Factor ETF by 1.2% during the 3rd quarter. Valence8 US LP now owns 916,343 shares of the company’s stock worth $40,493,000 after acquiring an additional 11,039 shares in the last quarter. Heartland Advisors Inc. bought a new stake in shares of iShares MSCI Intl Quality Factor ETF in the 3rd quarter worth about $384,000. Finally, Cassaday & Co Wealth Management LLC increased its position in shares of iShares MSCI Intl Quality Factor ETF by 7.3% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 5,146 shares of the company’s stock worth $227,000 after purchasing an additional 350 shares during the last quarter.

iShares MSCI Intl Quality Factor ETF Stock Performance

Shares of IQLT stock opened at $48.94 on Thursday. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 18.86 and a beta of 0.89. iShares MSCI Intl Quality Factor ETF has a one year low of $35.51 and a one year high of $49.14. The company’s 50-day simple moving average is $46.88 and its 200-day simple moving average is $45.04.

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.