Modern Wealth Management LLC Acquires 368,864 Shares of iShares MSCI Intl Quality Factor ETF $IQLT

Modern Wealth Management LLC increased its holdings in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 35.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,396,649 shares of the company’s stock after purchasing an additional 368,864 shares during the quarter. iShares MSCI Intl Quality Factor ETF makes up 1.1% of Modern Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Modern Wealth Management LLC owned approximately 0.53% of iShares MSCI Intl Quality Factor ETF worth $65,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IRON Financial LLC boosted its stake in iShares MSCI Intl Quality Factor ETF by 1.2% in the 1st quarter. IRON Financial LLC now owns 17,668 shares of the company’s stock worth $817,000 after purchasing an additional 215 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of iShares MSCI Intl Quality Factor ETF by 0.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 48,517 shares of the company’s stock valued at $2,302,000 after buying an additional 224 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of iShares MSCI Intl Quality Factor ETF by 1.3% during the first quarter. Geneos Wealth Management Inc. now owns 19,104 shares of the company’s stock valued at $883,000 after buying an additional 250 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 15.3% in the fourth quarter. Russell Investments Group Ltd. now owns 1,987 shares of the company’s stock worth $90,000 after buying an additional 263 shares in the last quarter. Finally, Opes Wealth Management LLC lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 0.6% in the fourth quarter. Opes Wealth Management LLC now owns 43,734 shares of the company’s stock worth $1,988,000 after buying an additional 269 shares in the last quarter.

iShares MSCI Intl Quality Factor ETF Stock Performance

Shares of NYSEARCA:IQLT opened at $49.29 on Friday. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 18.86 and a beta of 0.83. The firm has a fifty day moving average price of $49.23 and a 200 day moving average price of $48.28. iShares MSCI Intl Quality Factor ETF has a fifty-two week low of $41.20 and a fifty-two week high of $50.08.

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.