iShares MSCI USA Quality Factor ETF $QUAL Stock Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 30.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,112 shares of the company’s stock after acquiring an additional 123,930 shares during the period. Kestra Advisory Services LLC owned 0.18% of iShares MSCI USA Quality Factor ETF worth $116,701,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QUAL. Bank of America Corp DE raised its stake in shares of iShares MSCI USA Quality Factor ETF by 36.9% during the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after acquiring an additional 2,357,971 shares in the last quarter. Facet Wealth Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 11.3% in the second quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock valued at $724,159,000 after purchasing an additional 334,234 shares during the period. Fifth Third Bancorp grew its stake in iShares MSCI USA Quality Factor ETF by 669.4% in the first quarter. Fifth Third Bancorp now owns 138,005 shares of the company’s stock worth $26,471,000 after purchasing an additional 120,069 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in iShares MSCI USA Quality Factor ETF in the third quarter worth approximately $18,583,000. Finally, State of Michigan Retirement System increased its holdings in iShares MSCI USA Quality Factor ETF by 32.4% during the 1st quarter. State of Michigan Retirement System now owns 324,549 shares of the company’s stock worth $62,252,000 after purchasing an additional 79,500 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Down 3.5%

QUAL opened at $54.79 on Friday. The stock’s fifty day moving average is $55.79 and its two-hundred day moving average is $53.23. The company has a market capitalization of $15.89 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52 week low of $46.47 and a 52 week high of $57.03.

About iShares MSCI USA Quality Factor ETF

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.