Montecito Bank & Trust Purchases 1,564 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Montecito Bank & Trust raised its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,130 shares of the company’s stock after buying an additional 1,564 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 1.7% of Montecito Bank & Trust’s investment portfolio, making the stock its 11th biggest position. Montecito Bank & Trust’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,885,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QUAL. Ironsides Asset Advisors LLC grew its position in iShares MSCI USA Quality Factor ETF by 8.4% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 45,619 shares of the company’s stock valued at $8,179,000 after acquiring an additional 3,520 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth approximately $2,547,000. Forte Capital LLC ADV raised its stake in shares of iShares MSCI USA Quality Factor ETF by 7.1% during the third quarter. Forte Capital LLC ADV now owns 206,331 shares of the company’s stock valued at $36,995,000 after acquiring an additional 13,698 shares in the last quarter. LGT Financial Advisors LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 13.1% in the third quarter. LGT Financial Advisors LLC now owns 4,142 shares of the company’s stock valued at $743,000 after purchasing an additional 481 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 1.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 55,184 shares of the company’s stock worth $9,894,000 after purchasing an additional 910 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 1.9 %

QUAL opened at $182.15 on Thursday. The business’s fifty day simple moving average is $178.31 and its 200-day simple moving average is $171.93. The company has a market capitalization of $48.07 billion, a price-to-earnings 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.

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.