1,444 Shares in iShares MSCI USA Quality Factor ETF (BATS:QUAL) Acquired by Exchange Bank

Exchange Bank bought a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,444 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds have also made changes to their positions in QUAL. Scarborough Advisors LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 1,460.0% during the 4th quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock valued at $143,242,000 after acquiring an additional 911,104 shares during the last quarter. Wells Fargo & Company MN raised its stake in iShares MSCI USA Quality Factor ETF by 30.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock worth $571,931,000 after purchasing an additional 897,256 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 purchasing an additional 744,380 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of iShares MSCI USA Quality Factor ETF by 108.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,056,047 shares of the company’s stock valued at $155,387,000 after buying an additional 550,321 shares during the period. Finally, Miracle Mile Advisors LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 109.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 806,339 shares of the company’s stock worth $118,645,000 after buying an additional 422,241 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL traded up $0.78 during trading hours on Wednesday, hitting $172.21. The stock had a trading volume of 692,802 shares. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The firm has a market cap of $45.45 billion, a P/E ratio of 23.03 and a beta of 1.03. The company’s fifty day simple moving average is $164.65 and its 200 day simple moving average is $158.56.

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.