Kovack Advisors Inc. lifted its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 445.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,628 shares of the company’s stock after purchasing an additional 25,830 shares during the period. Kovack Advisors Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $6,282,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of QUAL. MML Investors Services LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.3% in the 2nd quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock worth $631,514,000 after buying an additional 44,285 shares during the period. Orgel Wealth Management LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 1.5% in the fourth quarter. Orgel Wealth Management LLC now owns 3,050,553 shares of the company’s stock worth $605,901,000 after acquiring an additional 44,952 shares during the period. Facet Wealth Inc. grew its holdings 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 in the last quarter. Focus Partners Wealth increased its position in iShares MSCI USA Quality Factor ETF by 2.1% during the 3rd quarter. Focus Partners Wealth now owns 2,146,075 shares of the company’s stock valued at $417,413,000 after purchasing an additional 43,309 shares during the period. Finally, Raymond James Financial Inc. increased its position in iShares MSCI USA Quality Factor ETF by 3.1% during the 3rd quarter. Raymond James Financial Inc. now owns 2,040,575 shares of the company’s stock valued at $396,892,000 after purchasing an additional 62,154 shares during the period.
iShares MSCI USA Quality Factor ETF Stock Performance
BATS:QUAL opened at $215.90 on Friday. The firm has a 50-day simple moving average of $208.14 and a 200-day simple moving average of $202.84. iShares MSCI USA Quality Factor ETF has a one year low of $175.20 and a one year high of $217.65. The firm has a market cap of $62.60 billion, a P/E ratio of 25.59 and a beta of 1.05.
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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