
With no changes to any of the iShares models this week, we look at the iShares MSCI International Quality Factor ETF (IQLT).
There are no changes to any of the iShares models this week. While US equities remain at the top of the DALI asset class rankings, there are still opportunities within international equities, which rank second in DALI, trailing US equities by 10 signals. In last week’s trading the iShares MSCI International Quality Factor ETF (IQLT) completed a shakeout pattern when it broke a triple top at $44, marking a new all-time high for the fund.
IQLT offers “exposure to large- and mid-cap developed international stocks exhibiting positive fundamentals (high return on equity, stable year-over-year earnings growth and low financial leverage)” (Source: iShares). The fund currently has an acceptable 3.72 fund score and a positive 1.75 score direction. Although it currently sits near an all-time high, IQLT remains in actionable territory on its 10-week trading band with a weekly overbought/oversold (OBOS) reading of 40%. Year-to-date (through 9/17) IQLT has gained 18.3% on a price return basis; the fund also carries a 2.4% yield.