Exchange Traded Concepts LLC Acquires New Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Exchange Traded Concepts LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,344 shares of the company’s stock, valued at approximately $7,363,000.

Several other hedge funds have also modified their holdings of the business. Sound Income Strategies LLC grew its position in iShares MSCI USA Quality Factor ETF by 5.8% during the fourth quarter. Sound Income Strategies LLC now owns 5,814 shares of the company’s stock worth $1,035,000 after buying an additional 319 shares during the period. Motive Wealth Advisors boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 1.1% during the 4th quarter. Motive Wealth Advisors now owns 66,760 shares of the company’s stock worth $11,889,000 after acquiring an additional 696 shares in the last quarter. MFA Wealth Services acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth approximately $828,000. Cornerstone Wealth Management LLC increased its stake in iShares MSCI USA Quality Factor ETF by 3.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 22,577 shares of the company’s stock valued at $4,020,000 after purchasing an additional 684 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 25.3% during the fourth quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock worth $1,786,000 after purchasing an additional 2,023 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL opened at $184.10 on Friday. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The company has a market cap of $48.58 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The business’s fifty day moving average is $181.80 and its two-hundred day moving average is $178.11.

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.