LPL Financial LLC Grows Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

LPL Financial LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,725,824 shares of the company’s stock after acquiring an additional 950,857 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up 1.2% of LPL Financial LLC’s holdings, making the stock its 9th biggest holding. LPL Financial LLC owned about 5.58% of iShares MSCI USA Quality Factor ETF worth $2,640,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in iShares MSCI USA Quality Factor ETF by 3.6% during the third quarter. GAMMA Investing LLC now owns 1,670 shares of the company’s stock valued at $299,000 after acquiring an additional 58 shares during the last quarter. Carnegie Investment Counsel boosted its position in shares of iShares MSCI USA Quality Factor ETF by 0.5% during the 2nd quarter. Carnegie Investment Counsel now owns 11,675 shares of the company’s stock valued at $1,994,000 after purchasing an additional 61 shares in the last quarter. Procyon Advisors LLC grew its stake in iShares MSCI USA Quality Factor ETF by 4.7% during the third quarter. Procyon Advisors LLC now owns 1,354 shares of the company’s stock worth $243,000 after purchasing an additional 61 shares during the period. Bristlecone Advisors LLC grew its stake in iShares MSCI USA Quality Factor ETF by 0.4% during the second quarter. Bristlecone Advisors LLC now owns 17,056 shares of the company’s stock worth $2,912,000 after purchasing an additional 63 shares during the period. Finally, Columbus Macro LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 1.3% in the third quarter. Columbus Macro LLC now owns 5,116 shares of the company’s stock worth $926,000 after purchasing an additional 66 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

iShares MSCI USA Quality Factor ETF stock opened at $180.89 on Thursday. The stock has a market capitalization of $47.74 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The stock’s 50 day moving average price is $179.80 and its two-hundred day moving average price is $173.61.

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.