Market Street Wealth Management Advisors LLC Acquires 5,946 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Market Street Wealth Management Advisors LLC boosted its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 42.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,838 shares of the company’s stock after buying an additional 5,946 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 0.6% of Market Street Wealth Management Advisors LLC’s investment portfolio, making the stock its 28th largest position. Market Street Wealth Management Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,627,000 at the end of the most recent quarter.

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

iShares MSCI USA Quality Factor ETF Stock Performance

BATS QUAL opened at $191.38 on Tuesday. The firm has a 50-day simple moving average of $186.87 and a 200 day simple moving average of $177.91. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $187.26. The stock has a market cap of $55.49 billion, a PE ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF 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.