Florida Financial Advisors LLC Grows Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Florida Financial Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,315 shares of the company’s stock after buying an additional 66 shares during the quarter. Florida Financial Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $412,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mosaic Advisors LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth $246,000. PKS Advisory Services LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at $529,000. Signature Estate & Investment Advisors LLC boosted its position in iShares MSCI USA Quality Factor ETF by 79.5% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 5,221 shares of the company’s stock worth $930,000 after purchasing an additional 2,313 shares during the last quarter. FineMark National Bank & Trust increased its position in shares of iShares MSCI USA Quality Factor ETF by 29.3% during the 4th quarter. FineMark National Bank & Trust now owns 4,043 shares of the company’s stock valued at $720,000 after purchasing an additional 915 shares during the last quarter. Finally, Modern Wealth Management LLC grew its position in iShares MSCI USA Quality Factor ETF by 12.6% during the fourth quarter. Modern Wealth Management LLC now owns 188,799 shares of the company’s stock valued at $34,785,000 after buying an additional 21,090 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $174.73 on Tuesday. The business’s 50 day simple moving average is $179.92 and its 200-day simple moving average is $180.30. iShares MSCI USA Quality Factor ETF has a 1 year low of $154.17 and a 1 year high of $187.26. The stock has a market capitalization of $49.60 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.