Bestgate Wealth Advisors LLC bought a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) during the fourth quarter, Holdings Channel reports. The fund bought 12,142 shares of the company’s stock, valued at approximately $2,162,000. iShares MSCI USA Quality Factor ETF makes up 4.3% of Bestgate Wealth Advisors LLC’s portfolio, making the stock its 6th biggest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at about $331,412,000. FMR LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 7.9% during the 3rd quarter. FMR LLC now owns 15,848,761 shares of the company’s stock valued at $2,841,683,000 after buying an additional 1,160,410 shares in the last quarter. LPL Financial LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock valued at $2,640,340,000 after buying an additional 950,857 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 18,801.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 522,633 shares of the company’s stock valued at $93,070,000 after acquiring an additional 519,868 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at approximately $81,990,000.
iShares MSCI USA Quality Factor ETF Stock Down 3.3 %
Shares of QUAL opened at $170.86 on Wednesday. The company has a market cap of $48.50 billion, a PE ratio of 26.45 and a beta of 1.04. The business has a fifty day moving average of $180.37 and a 200 day moving average of $180.36. iShares MSCI USA Quality Factor ETF has a 52-week low of $154.17 and a 52-week high of $187.26.
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.
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