iShares MSCI USA Quality Factor ETF (BATS:QUAL) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. raised its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,439 shares of the company’s stock after purchasing an additional 444 shares during the period. Kovack Advisors Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. New York Life Investment Management LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 24.6% in the 4th quarter. New York Life Investment Management LLC now owns 80,357 shares of the company’s stock valued at $14,310,000 after acquiring an additional 15,861 shares during the last quarter. Nwam LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 28.1% in the fourth quarter. Nwam LLC now owns 23,306 shares of the company’s stock valued at $4,150,000 after purchasing an additional 5,119 shares in the last quarter. Cable Hill Partners LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 1.8% in the fourth quarter. Cable Hill Partners LLC now owns 417,816 shares of the company’s stock valued at $74,405,000 after purchasing an additional 7,227 shares in the last quarter. Bryn Mawr Capital Management LLC increased its stake in iShares MSCI USA Quality Factor ETF by 11.5% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 165,284 shares of the company’s stock valued at $29,434,000 after purchasing an additional 16,982 shares during the last quarter. Finally, Siligmueller & Norvid Wealth Advisors LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter worth approximately $599,000.

iShares MSCI USA Quality Factor ETF Trading Up 1.3 %

Shares of iShares MSCI USA Quality Factor ETF stock opened at $178.93 on Friday. The company has a fifty day simple moving average of $181.72 and a 200-day simple moving average of $180.34. The stock has a market cap of $49.69 billion, a price-to-earnings ratio of 28.36 and a beta of 1.04. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63.

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.