iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Reaches New 12-Month High – Time to Buy?

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLTGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $47.21 and last traded at $47.1450, with a volume of 47453 shares changing hands. The stock had previously closed at $47.00.

iShares MSCI Intl Quality Factor ETF Price Performance

The stock has a 50 day moving average price of $45.23 and a 200-day moving average price of $44.16. The stock has a market capitalization of $14.11 billion, a P/E ratio of 18.86 and a beta of 0.89.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

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

About iShares MSCI Intl Quality Factor ETF

(Get Free Report)

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.

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