D.A. Davidson & CO. Grows Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

D.A. Davidson & CO. increased its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 584,713 shares of the company’s stock after buying an additional 31,968 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 0.7% of D.A. Davidson & CO.’s holdings, making the stock its 26th largest holding. D.A. Davidson & CO. owned approximately 0.20% of iShares MSCI USA Quality Factor ETF worth $113,727,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Gallagher Fiduciary Advisors LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 13,080.9% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,481,960 shares of the company’s stock worth $453,752,000 after purchasing an additional 2,463,130 shares during the period. Soundwatch Capital LLC raised its position in iShares MSCI USA Quality Factor ETF by 72,284.9% in the 2nd quarter. Soundwatch Capital LLC now owns 2,437,924 shares of the company’s stock worth $445,701,000 after purchasing an additional 2,434,556 shares during the period. Symphony Financial Ltd. Co. lifted its stake in iShares MSCI USA Quality Factor ETF by 4,818.8% in the second quarter. Symphony Financial Ltd. Co. now owns 1,716,464 shares of the company’s stock worth $313,849,000 after purchasing an additional 1,681,568 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new stake in iShares MSCI USA Quality Factor ETF in the second quarter worth about $305,974,000. Finally, Focus Partners Wealth boosted its position in shares of iShares MSCI USA Quality Factor ETF by 213.6% during the first quarter. Focus Partners Wealth now owns 1,891,522 shares of the company’s stock valued at $323,242,000 after buying an additional 1,288,398 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL opened at $199.18 on Monday. The stock’s 50 day moving average price is $197.22 and its 200-day moving average price is $191.45. iShares MSCI USA Quality Factor ETF has a one year low of $148.34 and a one year high of $187.26. The stock has a market cap of $57.75 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.