Drive Wealth Management LLC Grows Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Drive Wealth Management LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,407 shares of the company’s stock after acquiring an additional 1,333 shares during the quarter. Drive Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in iShares MSCI USA Quality Factor ETF by 389.4% in the 1st quarter. BNP Paribas Financial Markets now owns 788 shares of the company’s stock valued at $130,000 after buying an additional 627 shares in the last quarter. Blair William & Co. IL lifted its position in shares of iShares MSCI USA Quality Factor ETF by 16.0% in the first quarter. Blair William & Co. IL now owns 13,701 shares of the company’s stock valued at $2,252,000 after acquiring an additional 1,889 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 364.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 39,322 shares of the company’s stock valued at $6,463,000 after acquiring an additional 30,860 shares during the last quarter. Bessemer Group Inc. increased its position in iShares MSCI USA Quality Factor ETF by 169.3% during the 1st quarter. Bessemer Group Inc. now owns 2,418 shares of the company’s stock worth $396,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new position in iShares MSCI USA Quality Factor ETF in the 1st quarter valued at about $1,150,000.

iShares MSCI USA Quality Factor ETF Price Performance

iShares MSCI USA Quality Factor ETF stock opened at $179.56 on Monday. The stock has a market capitalization of $47.39 billion, a P/E 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. The firm’s 50-day moving average is $179.50 and its two-hundred day moving average is $173.18.

iShares MSCI USA Quality Factor ETF 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.