True Blue Financial LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,519 shares of the company’s stock, valued at approximately $4,338,000. iShares MSCI USA Quality Factor ETF comprises about 1.6% of True Blue Financial LLC’s investment portfolio, making the stock its 19th biggest holding.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of America Corp DE raised its position in iShares MSCI USA Quality Factor ETF by 36.9% in the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after purchasing an additional 2,357,971 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the 1st quarter worth $70,161,000. Facet Wealth Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 11.3% in the 2nd quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock valued at $724,159,000 after buying an additional 334,234 shares during the last quarter. Unison Advisors LLC boosted its position in iShares MSCI USA Quality Factor ETF by 61.6% in the 1st quarter. Unison Advisors LLC now owns 603,217 shares of the company’s stock valued at $115,703,000 after buying an additional 229,969 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its position in iShares MSCI USA Quality Factor ETF by 263.8% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 176,633 shares of the company’s stock valued at $33,880,000 after buying an additional 128,082 shares during the last quarter.
iShares MSCI USA Quality Factor ETF Stock Performance
BATS QUAL opened at $226.72 on Friday. The stock has a fifty day moving average of $223.40 and a 200-day moving average of $216.03. The stock has a market capitalization of $65.74 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52 week low of $185.88 and a 52 week high of $228.13.
Shares of iShares MSCI USA Quality Factor ETF are set to split on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Wednesday, November 4th.
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.
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