Balentine LLC Increases Its Stake in iShares MSCI Intl Quality Factor ETF

Balentine LLC, an investment firm, has recently upped its share in the iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 1.5%. This adjustment happened during the second quarter and was revealed in the latest filing with the Securities and Exchange Commission. Before the additional purchase of 21,514 shares, Balentine LLC possessed 1,490,220 shares. The ETF now constitutes 1.8% of Balentine LLC's portfolio, ranking as its 10th largest investment. Valued at approximately $52.79 million, Balentine LLC's stake in iShares MSCI Intl Quality Factor ETF is sizeable, making up about 0.80% of the ETF's total shares.

Other Investment Firms' Activity

Notably, Balentine isn't the only firm adjusting its holdings in IQLT. Element Wealth LLC expanded its shares by 58.3%, leading to a total investment worth $37,000. Fiduciary Alliance LLC initiated a new position value at $45,000. Additionally, during the first quarter, Sunbelt Securities Inc. and Aptus Capital Advisors LLC made new investments valued at $52,000 and $59,000, respectively. Fortis Capital Advisors LLC's entrance into the ETF took place in the fourth quarter, marked by a $71,000 placement.

ETF's Market Performance

The trading price of IQLT began at $36.12 on a recent Monday, with the ETF boasting a market capitalization of $6.71 billion. It has a price-to-earnings ratio of 13.88 and a beta of 0.87. The ETF's recent performance shows a fifty-day moving average of $34.29 and a two-hundred day average of $34.85. In the past year, the ETF's lowest and highest prices were $32.08 and $36.62, respectively.

About iShares MSCI Intl Quality Factor ETF

The iShares MSCI Intl Quality Factor ETF is designed to follow the World ex USA Sector Neutral Quality Index. This index focuses on large- and mid-cap stocks from various developed nations, excluding the United States. It aims to provide investors with a methodology that selects and balances stocks based on their underlying quality metrics.

Investment, Balentine, ETF