41,344 Shares in iShares MSCI USA Quality Factor ETF (BATS:QUAL) Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,344 shares of the company’s stock, valued at approximately $7,363,000.

Several other hedge funds and other institutional investors have also made changes to their positions in QUAL. FMR LLC grew its stake in iShares MSCI USA Quality Factor ETF by 7.9% during the 3rd quarter. FMR LLC now owns 15,848,761 shares of the company’s stock valued at $2,841,683,000 after acquiring an additional 1,160,410 shares in the last quarter. LPL Financial LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock worth $2,640,340,000 after buying an additional 950,857 shares during the last quarter. M&T Bank Corp grew its holdings in iShares MSCI USA Quality Factor ETF by 0.7% in the 3rd quarter. M&T Bank Corp now owns 4,050,192 shares of the company’s stock valued at $726,199,000 after buying an additional 28,147 shares in the last quarter. MML Investors Services LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,859,647 shares of the company’s stock worth $512,735,000 after acquiring an additional 170,321 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.2% in the third quarter. Cerity Partners LLC now owns 2,583,297 shares of the company’s stock valued at $463,185,000 after purchasing an additional 173,127 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 4.2 %

iShares MSCI USA Quality Factor ETF stock opened at $184.10 on Friday. The company has a 50-day moving average price of $181.80 and a 200 day moving average price of $178.11. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The stock has a market cap of $48.58 billion, a P/E ratio of 23.03 and a beta of 1.03.

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.