Archer Investment Management LLC Sells 70,970 Shares of iShares MSCI Intl Quality Factor ETF $IQLT

Archer Investment Management LLC lowered its stake in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,547 shares of the company’s stock after selling 70,970 shares during the period. iShares MSCI Intl Quality Factor ETF accounts for 3.0% of Archer Investment Management LLC’s holdings, making the stock its 6th largest holding. Archer Investment Management LLC’s holdings in iShares MSCI Intl Quality Factor ETF were worth $5,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of IQLT. Guerra Advisors Inc bought a new stake in shares of iShares MSCI Intl Quality Factor ETF in the third quarter worth $27,000. Qube Research & Technologies Ltd bought a new position in iShares MSCI Intl Quality Factor ETF during the 2nd quarter worth $42,000. Russell Investments Group Ltd. raised its position in iShares MSCI Intl Quality Factor ETF by 312.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock worth $49,000 after purchasing an additional 852 shares during the last quarter. Root Financial Partners LLC acquired a new position in iShares MSCI Intl Quality Factor ETF during the 3rd quarter worth about $64,000. Finally, Manning & Napier Advisors LLC acquired a new position in iShares MSCI Intl Quality Factor ETF during the 3rd quarter worth about $69,000.

iShares MSCI Intl Quality Factor ETF Price Performance

Shares of IQLT stock opened at $45.41 on Wednesday. The business’s 50 day simple moving average is $47.65 and its 200 day simple moving average is $45.81. iShares MSCI Intl Quality Factor ETF has a one year low of $35.51 and a one year high of $49.91. The stock has a market capitalization of $12.37 billion, a PE ratio of 18.86 and a beta of 0.89.

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. IQLT was launched on Jan 13, 2015 and is managed by BlackRock.