DAVENPORT & Co LLC Has $4.29 Million Stake in iShares MSCI USA Quality Factor ETF $QUAL

DAVENPORT & Co LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 25.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,449 shares of the company’s stock after buying an additional 4,756 shares during the period. DAVENPORT & Co LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $4,287,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 84.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock valued at $30,000 after buying an additional 80 shares during the period. Legacy Wealth Managment LLC ID acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter valued at $37,000. CX Institutional boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 151.9% during the 2nd quarter. CX Institutional now owns 204 shares of the company’s stock valued at $37,000 after buying an additional 123 shares during the period. BankPlus Trust Department boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 58.4% during the 1st quarter. BankPlus Trust Department now owns 244 shares of the company’s stock valued at $42,000 after buying an additional 90 shares during the period. Finally, First Command Advisory Services Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter valued at $43,000.

iShares MSCI USA Quality Factor ETF Stock Up 10.8%

Shares of BATS:QUAL opened at $195.75 on Wednesday. The firm has a fifty day moving average of $189.70 and a two-hundred day moving average of $180.02. The firm has a market capitalization of $56.76 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26.

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.