Modern Wealth Management LLC Raises Stock Holdings in iShares MSCI Intl Quality Factor ETF $IQLT

Modern Wealth Management LLC raised its holdings in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 156.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,024,830 shares of the company’s stock after buying an additional 625,408 shares during the quarter. iShares MSCI Intl Quality Factor ETF makes up about 0.9% of Modern Wealth Management LLC’s holdings, making the stock its 27th largest holding. Modern Wealth Management LLC’s holdings in iShares MSCI Intl Quality Factor ETF were worth $45,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares MSCI Intl Quality Factor ETF by 1,299.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,858,904 shares of the company’s stock worth $1,463,382,000 after buying an additional 31,439,365 shares during the period. PNC Financial Services Group Inc. grew its stake in iShares MSCI Intl Quality Factor ETF by 3.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 31,568,040 shares of the company’s stock valued at $1,364,371,000 after acquiring an additional 974,637 shares during the period. Bank of America Corp DE increased its holdings in iShares MSCI Intl Quality Factor ETF by 19.6% in the 2nd quarter. Bank of America Corp DE now owns 24,974,867 shares of the company’s stock worth $1,079,414,000 after acquiring an additional 4,094,153 shares in the last quarter. Ameriprise Financial Inc. raised its position in iShares MSCI Intl Quality Factor ETF by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 9,301,323 shares of the company’s stock worth $402,190,000 after acquiring an additional 1,107,638 shares during the period. Finally, JPMorgan Chase & Co. raised its position in iShares MSCI Intl Quality Factor ETF by 33.1% during the second quarter. JPMorgan Chase & Co. now owns 7,008,860 shares of the company’s stock worth $302,923,000 after acquiring an additional 1,741,531 shares during the period.

iShares MSCI Intl Quality Factor ETF Stock Down 0.9%

IQLT opened at $46.70 on Friday. The firm’s fifty day simple moving average is $47.66 and its two-hundred day simple moving average is $45.53. iShares MSCI Intl Quality Factor ETF has a 52-week low of $35.51 and a 52-week high of $49.91. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 18.86 and a beta of 0.89.

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.