LPL Financial LLC reduced its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 12.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,176,100 shares of the company’s stock after selling 2,346,797 shares during the period. iShares MSCI USA Quality Factor ETF accounts for approximately 0.9% of LPL Financial LLC’s portfolio, making the stock its 14th largest position. LPL Financial LLC owned about 0.06% of iShares MSCI USA Quality Factor ETF worth $3,212,897,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of QUAL. WealthBridge Capital Management LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 3.7% in the 4th quarter. WealthBridge Capital Management LLC now owns 1,395 shares of the company’s stock valued at $277,000 after buying an additional 50 shares in the last quarter. Empire Life Investments Inc. increased its holdings in iShares MSCI USA Quality Factor ETF by 0.8% in the fourth quarter. Empire Life Investments Inc. now owns 6,150 shares of the company’s stock valued at $1,222,000 after purchasing an additional 50 shares during the last quarter. Tompkins Financial Corp increased its holdings in iShares MSCI USA Quality Factor ETF by 17.8% in the fourth quarter. Tompkins Financial Corp now owns 344 shares of the company’s stock valued at $68,000 after purchasing an additional 52 shares during the last quarter. First Command Advisory Services Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 16.5% in the fourth quarter. First Command Advisory Services Inc. now owns 374 shares of the company’s stock valued at $74,000 after acquiring an additional 53 shares during the period. Finally, Members Trust Co grew its stake in iShares MSCI USA Quality Factor ETF by 4.3% in the third quarter. Members Trust Co now owns 1,384 shares of the company’s stock valued at $269,000 after acquiring an additional 57 shares during the period.
iShares MSCI USA Quality Factor ETF Stock Performance
BATS:QUAL opened at $213.14 on Monday. iShares MSCI USA Quality Factor ETF has a 1 year low of $175.20 and a 1 year high of $217.65. The stock has a market cap of $61.80 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The stock has a 50-day moving average price of $206.13 and a two-hundred day moving average price of $202.20.
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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