Element Pointe Advisors LLC lowered its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 7.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 78,410 shares of the company’s stock after selling 6,163 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 2.8% of Element Pointe Advisors LLC’s portfolio, making the stock its 9th biggest holding. Element Pointe Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $15,040,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of QUAL. MML Investors Services LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock valued at $631,514,000 after acquiring an additional 44,285 shares during the period. Facet Wealth Inc. grew its position in iShares MSCI USA Quality Factor ETF by 9.9% during the 4th quarter. Facet Wealth Inc. now owns 2,888,100 shares of the company’s stock worth $589,952,000 after acquiring an additional 259,414 shares during the last quarter. Focus Partners Wealth increased its stake in iShares MSCI USA Quality Factor ETF by 11.2% in the 4th quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock worth $474,097,000 after purchasing an additional 240,881 shares during the period. Raymond James Financial Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 3.1% in the 3rd quarter. Raymond James Financial Inc. now owns 2,040,575 shares of the company’s stock worth $396,892,000 after purchasing an additional 62,154 shares during the period. Finally, Two Sigma Investments LP lifted its position in iShares MSCI USA Quality Factor ETF by 99.7% in the third quarter. Two Sigma Investments LP now owns 1,931,800 shares of the company’s stock valued at $375,735,000 after purchasing an additional 964,500 shares during the last quarter.
iShares MSCI USA Quality Factor ETF Stock Performance
Shares of QUAL stock opened at $216.94 on Tuesday. The company has a market capitalization of $62.90 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $181.65 and a fifty-two week high of $221.16. The stock has a 50 day moving average price of $215.62 and a two-hundred day moving average price of $206.35.
iShares MSCI USA Quality Factor ETF Profile
The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.
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