Glen Eagle Advisors LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 62.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,364 shares of the company’s stock after purchasing an additional 5,528 shares during the period. Glen Eagle Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,853,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $25,000. Hantz Financial Services Inc. purchased a new position in iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $25,000. Financial Life Planners purchased a new position in iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $28,000. Ares Financial Consulting LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $30,000. Finally, Cornerstone Financial Management LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $30,000.
iShares MSCI USA Quality Factor ETF Stock Up 0.5%
BATS QUAL opened at $216.91 on Friday. The stock has a market capitalization of $62.89 billion, a PE ratio of 25.59 and a beta of 1.05. The company has a 50 day moving average price of $208.62 and a two-hundred day moving average price of $202.94. iShares MSCI USA Quality Factor ETF has a 12-month low of $175.20 and a 12-month high of $217.65.
About iShares MSCI USA Quality Factor ETF
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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