PFG Advisors Has $16.14 Million Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

PFG Advisors boosted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 12.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 94,522 shares of the company’s stock after purchasing an additional 10,143 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 1.1% of PFG Advisors’ holdings, making the stock its 12th biggest position. PFG Advisors’ holdings in iShares MSCI USA Quality Factor ETF were worth $16,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in iShares MSCI USA Quality Factor ETF by 141.3% during the 1st quarter. Cetera Investment Advisers now owns 1,677,664 shares of the company’s stock valued at $275,724,000 after acquiring an additional 982,323 shares in the last quarter. Scarborough Advisors LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 1,460.0% in the 4th quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock valued at $143,242,000 after buying an additional 911,104 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of iShares MSCI USA Quality Factor ETF by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock valued at $571,931,000 after buying an additional 897,256 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock valued at $3,936,223,000 after buying an additional 744,380 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 5.6% in the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock valued at $2,352,213,000 after buying an additional 727,760 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $174.79 on Thursday. The stock has a market cap of $46.13 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The business has a 50 day simple moving average of $172.43 and a 200 day simple moving average of $167.03. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63.

iShares MSCI USA Quality Factor ETF Company Profile

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.