Bridges Investment Management Inc. Has $4.28 Million Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Bridges Investment Management Inc. lessened its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 11.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 23,429 shares of the company’s stock after selling 3,007 shares during the period. Bridges Investment Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 9.3% in the first quarter. Envestnet Asset Management Inc. now owns 31,853,469 shares of the company’s stock worth $5,443,439,000 after purchasing an additional 2,711,718 shares during the period. LPL Financial LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 7.8% in the 1st quarter. LPL Financial LLC now owns 18,186,643 shares of the company’s stock valued at $3,107,915,000 after buying an additional 1,318,823 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in iShares MSCI USA Quality Factor ETF by 2,898.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,622,243 shares of the company’s stock valued at $1,302,565,000 after buying an additional 7,368,058 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares MSCI USA Quality Factor ETF by 5.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,961,450 shares of the company’s stock worth $1,189,642,000 after buying an additional 380,904 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 6.7% during the first quarter. Ameriprise Financial Inc. now owns 5,143,391 shares of the company’s stock worth $878,890,000 after buying an additional 324,478 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 9.6%

QUAL opened at $193.62 on Thursday. The business has a 50 day moving average of $190.83 and a 200-day moving average of $180.89. The stock has a market capitalization of $56.14 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26.

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.