Avidian Wealth Solutions LLC Purchases 3,021 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Avidian Wealth Solutions LLC grew its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,138 shares of the company’s stock after acquiring an additional 3,021 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $5,170,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Independent Advisor Alliance raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.4% in the 3rd quarter. Independent Advisor Alliance now owns 2,052 shares of the company’s stock worth $270,000 after buying an additional 141 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 75.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,047,250 shares of the company’s stock worth $269,807,000 after buying an additional 882,291 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.1% in the 3rd quarter. Brown Advisory Inc. now owns 52,797 shares of the company’s stock worth $6,958,000 after buying an additional 1,111 shares in the last quarter. Geneva Partners LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 37.6% in the 3rd quarter. Geneva Partners LLC now owns 33,251 shares of the company’s stock worth $4,382,000 after buying an additional 9,088 shares in the last quarter. Finally, Sage Mountain Advisors LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 4.8% in the 3rd quarter. Sage Mountain Advisors LLC now owns 548,838 shares of the company’s stock worth $72,331,000 after buying an additional 25,333 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL traded up $1.82 during mid-day trading on Friday, reaching $159.19. The company had a trading volume of 1,411,118 shares. iShares MSCI USA Quality Factor ETF has a twelve month low of $71.96 and a twelve month high of $88.63. The company’s 50-day moving average is $160.94 and its 200-day moving average is $150.47. The company has a market capitalization of $42.01 billion, a P/E ratio of 23.03 and a beta of 1.03.

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.