Absolute Capital Management LLC Purchases 7,734 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Absolute Capital Management LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 105.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,100 shares of the company’s stock after acquiring an additional 7,734 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 2.0% of Absolute Capital Management LLC’s holdings, making the stock its 15th largest holding. Absolute Capital Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Truist Financial Corp increased its position in iShares MSCI USA Quality Factor ETF by 8.3% during the fourth quarter. Truist Financial Corp now owns 228,559 shares of the company’s stock worth $33,630,000 after acquiring an additional 17,577 shares during the period. Kovack Advisors Inc. increased its position in iShares MSCI USA Quality Factor ETF by 65.0% during the fourth quarter. Kovack Advisors Inc. now owns 3,550 shares of the company’s stock worth $522,000 after acquiring an additional 1,398 shares during the period. Bryn Mawr Capital Management LLC increased its position in iShares MSCI USA Quality Factor ETF by 14.2% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 128,054 shares of the company’s stock worth $18,842,000 after acquiring an additional 15,951 shares during the period. Advanced Asset Management Advisors Inc bought a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $206,000. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in iShares MSCI USA Quality Factor ETF by 12.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 99,913 shares of the company’s stock valued at $14,721,000 after buying an additional 11,322 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $159.05 on Friday. The firm has a market capitalization of $41.62 billion, a PE ratio of 23.32 and a beta of 1.04. The company’s fifty day moving average price is $160.95 and its two-hundred day moving average price is $149.80. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63.

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.