Bank of America Corp DE Has $1.18 Billion Stock Position in iShares MSCI Intl Quality Factor ETF $IQLT

Bank of America Corp DE lifted its stake in shares of iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 6.6% during the third quarter, HoldingsChannel reports. The firm owned 26,613,791 shares of the company’s stock after acquiring an additional 1,638,924 shares during the quarter. Bank of America Corp DE owned approximately 0.09% of iShares MSCI Intl Quality Factor ETF worth $1,176,063,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Guerra Advisors Inc bought a new stake in iShares MSCI Intl Quality Factor ETF during the third quarter worth $27,000. Qube Research & Technologies Ltd acquired a new stake in iShares MSCI Intl Quality Factor ETF in the second quarter valued at $42,000. Russell Investments Group Ltd. grew its position in shares of iShares MSCI Intl Quality Factor ETF by 312.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock valued at $49,000 after acquiring an additional 852 shares during the period. Root Financial Partners LLC bought a new position in shares of iShares MSCI Intl Quality Factor ETF in the 3rd quarter valued at about $64,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of iShares MSCI Intl Quality Factor ETF during the 3rd quarter worth about $69,000.

iShares MSCI Intl Quality Factor ETF Stock Performance

Shares of IQLT stock opened at $46.77 on Tuesday. The firm’s 50-day moving average is $47.77 and its 200-day moving average is $45.70. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 18.86 and a beta of 0.89. iShares MSCI Intl Quality Factor ETF has a 52-week low of $35.51 and a 52-week high of $49.91.

iShares MSCI Intl Quality Factor ETF 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.