Envestnet Portfolio Solutions Inc. Acquires 11,653 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,218,965 shares of the company’s stock after purchasing an additional 11,653 shares during the period. iShares MSCI USA Quality Factor ETF accounts for approximately 1.9% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 10th largest holding. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $573,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Financial Life Planners acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $25,000. BankPlus Trust Department purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth $27,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $32,000. MGB Wealth Management LLC acquired a new position in iShares MSCI USA Quality Factor ETF in the third quarter valued at $39,000. Finally, Empowered Funds LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $40,000.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL opened at $171.70 on Friday. iShares MSCI USA Quality Factor ETF has a 12 month low of $154.17 and a 12 month high of $187.26. The business has a 50-day moving average of $180.67 and a two-hundred day moving average of $180.40. The stock has a market capitalization of $48.74 billion, a price-to-earnings ratio of 26.45 and a beta of 1.04.

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.