iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Reaches New 12-Month Low – Here’s What Happened

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $35.51 and last traded at $35.55, with a volume of 55156 shares traded. The stock had previously closed at $36.93.

iShares MSCI Intl Quality Factor ETF Price Performance

The stock’s 50 day simple moving average is $39.92 and its 200-day simple moving average is $39.32. The company has a market capitalization of $7.95 billion, a PE ratio of 20.27 and a beta of 0.89.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in iShares MSCI Intl Quality Factor ETF by 1.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,005,400 shares of the company’s stock valued at $1,150,920,000 after purchasing an additional 481,105 shares during the period. TIAA Trust National Association boosted its stake in shares of iShares MSCI Intl Quality Factor ETF by 0.4% in the 4th quarter. TIAA Trust National Association now owns 6,099,166 shares of the company’s stock valued at $226,401,000 after buying an additional 25,469 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares MSCI Intl Quality Factor ETF by 7.0% during the fourth quarter. JPMorgan Chase & Co. now owns 5,836,699 shares of the company’s stock worth $216,658,000 after buying an additional 379,922 shares in the last quarter. Capital Investment Advisors LLC increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 5.6% during the fourth quarter. Capital Investment Advisors LLC now owns 4,690,073 shares of the company’s stock worth $174,096,000 after buying an additional 247,190 shares during the period. Finally, LPL Financial LLC raised its holdings in iShares MSCI Intl Quality Factor ETF by 17.5% in the fourth quarter. LPL Financial LLC now owns 3,938,589 shares of the company’s stock valued at $146,200,000 after acquiring an additional 587,429 shares in the last quarter.

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.