Opulen Financial Group LLC Invests $6.69 Million in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT)

Opulen Financial Group LLC purchased a new position in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 180,162 shares of the company’s stock, valued at approximately $6,688,000. iShares MSCI Intl Quality Factor ETF makes up about 6.1% of Opulen Financial Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Opulen Financial Group LLC owned 0.09% of iShares MSCI Intl Quality Factor ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in IQLT. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF in the fourth quarter worth $61,044,000. JPMorgan Chase & Co. grew its position in shares of iShares MSCI Intl Quality Factor ETF by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,456,777 shares of the company’s stock worth $226,402,000 after buying an additional 589,511 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 216.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 661,549 shares of the company’s stock valued at $27,447,000 after purchasing an additional 452,315 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in iShares MSCI Intl Quality Factor ETF by 1.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 30,524,295 shares of the company’s stock valued at $1,266,453,000 after acquiring an additional 361,685 shares in the last quarter. Finally, Wharton Business Group LLC raised its stake in shares of iShares MSCI Intl Quality Factor ETF by 88.9% during the 3rd quarter. Wharton Business Group LLC now owns 738,310 shares of the company’s stock worth $30,632,000 after purchasing an additional 347,475 shares in the last quarter.

iShares MSCI Intl Quality Factor ETF Price Performance

Shares of NYSEARCA IQLT opened at $40.89 on Thursday. The stock’s fifty day moving average price is $38.72 and its two-hundred day moving average price is $39.36. iShares MSCI Intl Quality Factor ETF has a one year low of $36.57 and a one year high of $41.93. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 20.60 and a beta of 0.90.

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.