Alta Wealth Advisors LLC Has $1.84 Million Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Alta Wealth Advisors LLC decreased its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,087 shares of the company’s stock after selling 289 shares during the period. iShares MSCI USA Quality Factor ETF makes up 0.9% of Alta Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Alta Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,844,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 9.3% during the first quarter. Envestnet Asset Management Inc. now owns 31,853,469 shares of the company’s stock worth $5,443,439,000 after purchasing an additional 2,711,718 shares during the period. LPL Financial LLC grew its stake in iShares MSCI USA Quality Factor ETF by 7.8% during the first quarter. LPL Financial LLC now owns 18,186,643 shares of the company’s stock worth $3,107,915,000 after purchasing an additional 1,318,823 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its stake in iShares MSCI USA Quality Factor ETF by 2,898.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,622,243 shares of the company’s stock worth $1,302,565,000 after purchasing an additional 7,368,058 shares during the period. JPMorgan Chase & Co. grew its stake in iShares MSCI USA Quality Factor ETF by 5.8% during the first quarter. JPMorgan Chase & Co. now owns 6,961,450 shares of the company’s stock worth $1,189,642,000 after purchasing an additional 380,904 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 6.7% during the first quarter. Ameriprise Financial Inc. now owns 5,143,391 shares of the company’s stock worth $878,890,000 after purchasing an additional 324,478 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

BATS QUAL opened at $196.47 on Friday. The business has a 50 day simple moving average of $189.31 and a 200 day simple moving average of $179.63. iShares MSCI USA Quality Factor ETF has a one year low of $148.34 and a one year high of $187.26. The stock has a market capitalization of $56.97 billion, a P/E ratio of 25.59 and a beta of 1.05.

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.