iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sees Strong Trading Volume – Here’s Why

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) saw unusually-high trading volume on Thursday . Approximately 5,056,465 shares changed hands during mid-day trading, an increase of 294% from the previous session’s volume of 1,283,353 shares.The stock last traded at $39.54 and had previously closed at $39.33.

iShares MSCI Intl Quality Factor ETF Price Performance

The firm’s 50 day simple moving average is $38.22 and its two-hundred day simple moving average is $39.19. The firm has a market capitalization of $8.08 billion, a P/E ratio of 16.83 and a beta of 0.90.

Institutional Investors 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 company. Avior Wealth Management LLC increased its position in shares of iShares MSCI Intl Quality Factor ETF by 85.7% during the fourth quarter. Avior Wealth Management LLC now owns 934 shares of the company’s stock valued at $35,000 after buying an additional 431 shares during the period. CENTRAL TRUST Co bought a new position in shares of iShares MSCI Intl Quality Factor ETF during the third quarter valued at $42,000. JDM Financial Group LLC bought a new stake in shares of iShares MSCI Intl Quality Factor ETF in the third quarter worth approximately $52,000. Fifth Third Bancorp lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 145.7% during the 4th quarter. Fifth Third Bancorp now owns 1,575 shares of the company’s stock valued at $58,000 after buying an additional 934 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in iShares MSCI Intl Quality Factor ETF by 287.8% in the third quarter. Farther Finance Advisors LLC now owns 2,788 shares of the company’s stock worth $116,000 after purchasing an additional 2,069 shares during the last quarter.

iShares MSCI Intl Quality Factor ETF Company Profile

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.