SCS Capital Management LLC Purchases 334,490 Shares of iShares MSCI USA Quality Factor ETF $QUAL

SCS Capital Management LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 27.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,546,793 shares of the company’s stock after acquiring an additional 334,490 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 3.1% of SCS Capital Management LLC’s holdings, making the stock its 8th largest holding. SCS Capital Management LLC owned about 0.53% of iShares MSCI USA Quality Factor ETF worth $283,090,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in QUAL. Envestnet Asset Management Inc. raised its stake in iShares MSCI USA Quality Factor ETF by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 32,478,050 shares of the company’s stock worth $5,937,618,000 after acquiring an additional 624,581 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 7,012,339 shares of the company’s stock valued at $1,281,996,000 after purchasing an additional 50,889 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 6.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,143,391 shares of the company’s stock worth $878,890,000 after purchasing an additional 324,478 shares during the period. CWM LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.9% in the 2nd quarter. CWM LLC now owns 3,387,135 shares of the company’s stock worth $619,236,000 after purchasing an additional 64,226 shares during the last quarter. Finally, Orgel Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 56.8% in the 2nd quarter. Orgel Wealth Management LLC now owns 2,954,525 shares of the company’s stock worth $540,146,000 after purchasing an additional 1,070,608 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS QUAL opened at $199.14 on Friday. The firm has a market capitalization of $57.74 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The business’s fifty day moving average price is $195.27 and its two-hundred day moving average price is $188.15.

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.