Foundations Investment Advisors LLC Buys 11,888 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Foundations Investment Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 599,773 shares of the company’s stock after acquiring an additional 11,888 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises 2.5% of Foundations Investment Advisors LLC’s holdings, making the stock its 6th biggest holding. Foundations Investment Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $102,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QUAL. Aveo Capital Partners LLC increased its stake in iShares MSCI USA Quality Factor ETF by 93.9% in the 4th quarter. Aveo Capital Partners LLC now owns 4,785 shares of the company’s stock valued at $704,000 after buying an additional 2,317 shares during the last quarter. 9258 Wealth Management LLC increased its stake in iShares MSCI USA Quality Factor ETF by 2.5% in the 4th quarter. 9258 Wealth Management LLC now owns 12,033 shares of the company’s stock valued at $1,771,000 after buying an additional 289 shares during the last quarter. Rollins Financial increased its stake in iShares MSCI USA Quality Factor ETF by 26.3% in the 4th quarter. Rollins Financial now owns 22,116 shares of the company’s stock valued at $3,254,000 after buying an additional 4,612 shares during the last quarter. Summit Trail Advisors LLC increased its stake in iShares MSCI USA Quality Factor ETF by 31.7% in the 4th quarter. Summit Trail Advisors LLC now owns 2,077 shares of the company’s stock valued at $306,000 after buying an additional 500 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $211,000.

iShares MSCI USA Quality Factor ETF Trading Down 2.2 %

Shares of QUAL stock opened at $173.95 on Wednesday. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63. The firm’s fifty day moving average price is $172.25 and its two-hundred day moving average price is $166.45. The firm has a market capitalization of $45.91 billion, a P/E ratio of 23.03 and a beta of 1.03.

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.