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

Sequoia Financial Advisors LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1,472.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,393 shares of the company’s stock after acquiring an additional 121,162 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $23,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at $25,000. OLD Second National Bank of Aurora purchased a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $27,000. BankPlus Trust Department acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $27,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $32,000. Finally, MGB Wealth Management LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at approximately $39,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $170.91 on Wednesday. iShares MSCI USA Quality Factor ETF has a 1 year low of $154.17 and a 1 year high of $187.26. The company’s 50 day simple moving average is $181.13 and its 200 day simple moving average is $180.57. The company has a market capitalization of $47.46 billion, a price-to-earnings ratio of 28.36 and a beta of 1.04.

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.