Archer Investment Management LLC Takes Position in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)

Archer Investment Management LLC acquired a new stake in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 229,282 shares of the company’s stock, valued at approximately $8,511,000. iShares MSCI Intl Quality Factor ETF makes up approximately 5.2% of Archer Investment Management LLC’s holdings, making the stock its 7th biggest position. Archer Investment Management LLC owned 0.11% of iShares MSCI Intl Quality Factor ETF as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in IQLT. B. Riley Wealth Advisors Inc. grew its holdings in iShares MSCI Intl Quality Factor ETF by 30.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,717 shares of the company’s stock worth $458,000 after acquiring an additional 2,702 shares during the last quarter. Truist Financial Corp grew its holdings in iShares MSCI Intl Quality Factor ETF by 34.8% during the 2nd quarter. Truist Financial Corp now owns 58,914 shares of the company’s stock worth $2,301,000 after acquiring an additional 15,220 shares during the last quarter. Alpha Financial Partners LLC bought a new stake in iShares MSCI Intl Quality Factor ETF during the 3rd quarter worth about $666,000. Foster Group Inc. grew its holdings in iShares MSCI Intl Quality Factor ETF by 4.0% during the 3rd quarter. Foster Group Inc. now owns 411,962 shares of the company’s stock worth $17,092,000 after acquiring an additional 15,728 shares during the last quarter. Finally, EWG Elevate Inc. grew its holdings in iShares MSCI Intl Quality Factor ETF by 9.9% during the 3rd quarter. EWG Elevate Inc. now owns 14,398 shares of the company’s stock worth $597,000 after acquiring an additional 1,296 shares during the last quarter.

iShares MSCI Intl Quality Factor ETF Price Performance

Shares of NYSEARCA:IQLT opened at $38.51 on Tuesday. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 16.83 and a beta of 0.90. The firm’s 50 day simple moving average is $38.18 and its 200 day simple moving average is $39.19. iShares MSCI Intl Quality Factor ETF has a fifty-two week low of $36.57 and a fifty-two week high of $41.93.

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.