Diversify Wealth Management LLC Boosts Position in iShares MSCI USA Quality Factor ETF $QUAL

Diversify Wealth Management LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 55.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 69,346 shares of the company’s stock after purchasing an additional 24,763 shares during the period. Diversify Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $14,269,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Two Sigma Investments LP raised its stake in shares of iShares MSCI USA Quality Factor ETF by 99.7% during the third quarter. Two Sigma Investments LP now owns 1,931,800 shares of the company’s stock valued at $375,735,000 after acquiring an additional 964,500 shares in the last quarter. Goldman Sachs Group Inc. raised its position in iShares MSCI USA Quality Factor ETF by 403.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,107,669 shares of the company’s stock valued at $220,005,000 after purchasing an additional 887,478 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 79.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,764,425 shares of the company’s stock worth $350,450,000 after buying an additional 778,465 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 132.4% in the third quarter. Coldstream Capital Management Inc. now owns 1,044,546 shares of the company’s stock valued at $203,164,000 after acquiring an additional 595,017 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $81,990,000.

iShares MSCI USA Quality Factor ETF Price Performance

BATS QUAL traded up $1.19 during trading on Friday, reaching $219.69. 1,370,117 shares of the company’s stock traded hands, compared to its average volume of 1,894,405. The company’s 50 day simple moving average is $214.46 and its two-hundred day simple moving average is $205.54. iShares MSCI USA Quality Factor ETF has a 12-month low of $181.55 and a 12-month high of $220.24. The firm has a market cap of $63.70 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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