Cardinal Strategic Wealth Guidance decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,406 shares of the company’s stock after selling 348 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises 11.4% of Cardinal Strategic Wealth Guidance’s holdings, making the stock its 3rd largest holding. Cardinal Strategic Wealth Guidance owned 0.07% of iShares MSCI USA Quality Factor ETF worth $39,381,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of 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 valued at $5,443,439,000 after acquiring an additional 2,711,718 shares in the last quarter. LPL Financial LLC grew its holdings 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 buying an additional 1,318,823 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings 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 buying an additional 7,368,058 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 buying an additional 380,904 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings 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 buying an additional 324,478 shares in the last quarter.
iShares MSCI USA Quality Factor ETF Trading Up 11.2%
Shares of iShares MSCI USA Quality Factor ETF stock opened at $196.47 on Friday. The stock has a fifty day simple moving average of $189.31 and a 200 day simple moving average of $179.59. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26. The company 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.
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