iShares MSCI USA Quality Factor ETF (BATS:QUAL) Shares Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management increased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 14.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 95,736 shares of the company’s stock after buying an additional 12,035 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 0.9% of Financial Advocates Investment Management’s investment portfolio, making the stock its 17th biggest position. Financial Advocates Investment Management’s holdings in iShares MSCI USA Quality Factor ETF were worth $15,872,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 3.6% in the third quarter. GAMMA Investing LLC now owns 1,670 shares of the company’s stock worth $299,000 after acquiring an additional 58 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 0.5% during the 2nd quarter. Carnegie Investment Counsel now owns 11,675 shares of the company’s stock valued at $1,994,000 after buying an additional 61 shares during the last quarter. Procyon Advisors LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 4.7% in the third quarter. Procyon Advisors LLC now owns 1,354 shares of the company’s stock worth $243,000 after buying an additional 61 shares during the last quarter. Bristlecone Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 0.4% in the second quarter. Bristlecone Advisors LLC now owns 17,056 shares of the company’s stock valued at $2,912,000 after acquiring an additional 63 shares in the last quarter. Finally, Columbus Macro LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1.3% in the 3rd quarter. Columbus Macro LLC now owns 5,116 shares of the company’s stock worth $926,000 after purchasing an additional 66 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $179.62 on Thursday. The stock has a market capitalization of $47.40 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The company’s 50-day simple moving average is $178.17 and its 200-day simple moving average is $171.19.

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.