iShares MSCI USA Quality Factor ETF (BATS:QUAL) is Miracle Mile Advisors LLC’s 2nd Largest Position

Miracle Mile Advisors LLC decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,223,880 shares of the company’s stock after selling 21,072 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for 4.4% of Miracle Mile Advisors LLC’s portfolio, making the stock its 2nd largest position. Miracle Mile Advisors LLC owned about 0.46% of iShares MSCI USA Quality Factor ETF worth $217,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.9% during the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock valued at $2,841,683,000 after purchasing an additional 1,160,410 shares during the last quarter. LPL Financial LLC raised its stake in iShares MSCI USA Quality Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock valued at $2,640,340,000 after buying an additional 950,857 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 21.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock worth $821,412,000 after buying an additional 863,219 shares during the last quarter. Sanctuary Advisors LLC bought a new position in iShares MSCI USA Quality Factor ETF in the second quarter valued at about $108,645,000. Finally, Orgel Wealth Management LLC boosted its position in iShares MSCI USA Quality Factor ETF by 71.6% in the third quarter. Orgel Wealth Management LLC now owns 1,236,792 shares of the company’s stock worth $221,757,000 after purchasing an additional 515,998 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL traded down $2.64 during trading on Monday, hitting $176.35. The company’s stock had a trading volume of 1,261,973 shares. The firm has a market cap of $46.54 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The company has a 50-day moving average of $182.11 and a 200-day moving average of $177.59. 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.