iShares MSCI USA Quality Factor ETF (BATS:QUAL) Shares Purchased by Smart Money Group LLC

Smart Money Group LLC raised its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 13,934 shares of the company’s stock after purchasing an additional 83 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 0.9% of Smart Money Group LLC’s holdings, making the stock its 28th biggest holding. Smart Money Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,050,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QUAL. Mission Wealth Management LP grew its stake in iShares MSCI USA Quality Factor ETF by 8.0% during the third quarter. Mission Wealth Management LP now owns 4,075 shares of the company’s stock worth $537,000 after buying an additional 303 shares during the period. FinTrust Capital Advisors LLC bought a new position in iShares MSCI USA Quality Factor ETF in the third quarter worth about $425,000. Raymond James Financial Services Advisors Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 30.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 543,349 shares of the company’s stock worth $71,608,000 after purchasing an additional 125,262 shares during the period. Independent Advisor Alliance boosted its stake in iShares MSCI USA Quality Factor ETF by 7.4% during the 3rd quarter. Independent Advisor Alliance now owns 2,052 shares of the company’s stock valued at $270,000 after purchasing an additional 141 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in shares of iShares MSCI USA Quality Factor ETF by 9.7% during the third quarter. J.W. Cole Advisors Inc. now owns 20,763 shares of the company’s stock worth $2,736,000 after buying an additional 1,842 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock traded up $1.18 during midday trading on Thursday, reaching $157.37. 1,854,528 shares of the company were exchanged. The company’s 50 day moving average price is $161.01 and its two-hundred day moving average price is $150.26. The company has a market cap of $41.53 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 12 month low of $71.96 and a 12 month high of $88.63.

iShares MSCI USA Quality Factor ETF Company 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.