Adero Partners LLC Has $4.31 Million Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Adero Partners LLC decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,058 shares of the company’s stock after selling 916 shares during the period. Adero Partners LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $4,314,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock valued at $4,787,771,000 after acquiring an additional 999,735 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 5.6% during the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock valued at $2,352,213,000 after acquiring an additional 727,760 shares in the last quarter. Ameriprise Financial Inc. raised its position in iShares MSCI USA Quality Factor ETF by 21.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock worth $821,412,000 after purchasing an additional 863,219 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in iShares MSCI USA Quality Factor ETF by 5.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock worth $530,462,000 after purchasing an additional 172,340 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares MSCI USA Quality Factor ETF by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock worth $405,113,000 after purchasing an additional 73,653 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 1.6 %

Shares of BATS:QUAL opened at $179.56 on Friday. The firm has a market cap of $47.39 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The business has a fifty day simple moving average of $179.50 and a 200 day simple moving average of $173.07.

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.