Royal Bank of Canada lowered its stake in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT – Free Report) by 24.2% during the first quarter, Holdings Channel.com reports. The fund owned 1,302,963 shares of the company’s stock after selling 416,423 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI Intl Quality Factor ETF were worth $60,236,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IQLT. Carnegie Investment Counsel increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 9.6% during the fourth quarter. Carnegie Investment Counsel now owns 834,200 shares of the company’s stock worth $37,914,000 after purchasing an additional 72,725 shares in the last quarter. BIP Wealth LLC purchased a new position in iShares MSCI Intl Quality Factor ETF in the 4th quarter valued at about $1,301,000. Savvy Advisors Inc. lifted its stake in iShares MSCI Intl Quality Factor ETF by 41.1% in the 4th quarter. Savvy Advisors Inc. now owns 86,493 shares of the company’s stock valued at $3,931,000 after buying an additional 25,174 shares in the last quarter. Landaas & Co. WI ADV boosted its holdings in iShares MSCI Intl Quality Factor ETF by 85.4% in the 4th quarter. Landaas & Co. WI ADV now owns 39,102 shares of the company’s stock worth $1,777,000 after buying an additional 18,013 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in iShares MSCI Intl Quality Factor ETF in the 4th quarter worth about $547,000.
iShares MSCI Intl Quality Factor ETF Trading Down 0.8%
NYSEARCA:IQLT opened at $50.17 on Friday. iShares MSCI Intl Quality Factor ETF has a 12 month low of $41.20 and a 12 month high of $50.61. The stock has a 50 day moving average of $49.33 and a two-hundred day moving average of $48.40. The firm has a market cap of $13.82 billion, a P/E ratio of 18.86 and a beta of 0.83.
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.
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