PNC Financial Services Group Inc. Reduces Stock Holdings in iShares MSCI Intl Quality Factor ETF $IQLT

PNC Financial Services Group Inc. lessened its position in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 5.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,309,402 shares of the company’s stock after selling 930,529 shares during the quarter. PNC Financial Services Group Inc. owned approximately 6.57% of iShares MSCI Intl Quality Factor ETF worth $800,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Carnegie Investment Counsel lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 9.6% in the fourth quarter. Carnegie Investment Counsel now owns 834,200 shares of the company’s stock valued at $37,914,000 after purchasing an additional 72,725 shares in the last quarter. BIP Wealth LLC purchased a new position in shares of iShares MSCI Intl Quality Factor ETF during the 4th quarter worth approximately $1,301,000. Savvy Advisors Inc. raised its position in shares of iShares MSCI Intl Quality Factor ETF by 41.1% during the 4th quarter. Savvy Advisors Inc. now owns 86,493 shares of the company’s stock worth $3,931,000 after purchasing an additional 25,174 shares during the last quarter. Landaas & Co. WI ADV raised its position in shares of iShares MSCI Intl Quality Factor ETF by 85.4% during the 4th quarter. Landaas & Co. WI ADV now owns 39,102 shares of the company’s stock worth $1,777,000 after purchasing an additional 18,013 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of iShares MSCI Intl Quality Factor ETF by 84.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,444,572 shares of the company’s stock worth $292,906,000 after purchasing an additional 2,956,717 shares during the last quarter.

iShares MSCI Intl Quality Factor ETF Stock Performance

IQLT stock opened at $49.61 on Wednesday. The stock’s 50 day moving average price is $49.22 and its 200 day moving average price is $48.22. The firm has a market cap of $13.67 billion, a P/E ratio of 18.86 and a beta of 0.83. iShares MSCI Intl Quality Factor ETF has a 1 year low of $41.20 and a 1 year high of $50.08.

iShares MSCI Intl Quality Factor ETF 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.