Creative Planning Increases Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Creative Planning lifted its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.4% during the second quarter, Holdings Channel.com reports. The firm owned 64,845 shares of the company’s stock after acquiring an additional 2,754 shares during the period. Creative Planning’s holdings in iShares MSCI USA Quality Factor ETF were worth $11,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in iShares MSCI USA Quality Factor ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock valued at $4,787,771,000 after buying an additional 999,735 shares during the period. LPL Financial LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 5.6% during the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock valued at $2,352,213,000 after acquiring an additional 727,760 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 21.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock valued at $821,412,000 after purchasing an additional 863,219 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in iShares MSCI USA Quality Factor ETF by 5.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock worth $530,462,000 after purchasing an additional 172,340 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in iShares MSCI USA Quality Factor ETF by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock worth $405,113,000 after purchasing an additional 73,653 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL stock opened at $178.16 on Wednesday. The stock has a 50 day simple moving average of $173.62 and a 200-day simple moving average of $168.56. iShares MSCI USA Quality Factor ETF has a 1-year low of $71.96 and a 1-year high of $88.63. The company has a market cap of $47.02 billion, a price-to-earnings 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.