Royal Bank of Canada Boosts Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Royal Bank of Canada boosted its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,728,883 shares of the company’s stock after purchasing an additional 22,240 shares during the quarter. Royal Bank of Canada owned approximately 0.66% of iShares MSCI USA Quality Factor ETF worth $307,879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.5% in the 4th quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock valued at $3,003,821,000 after acquiring an additional 2,141,996 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter valued at approximately $349,393,000. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter valued at approximately $331,412,000. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock valued at $1,171,864,000 after acquiring an additional 837,887 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 2.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 29,141,751 shares of the company’s stock worth $5,189,563,000 after buying an additional 596,515 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $179.14 on Friday. The company has a market cap of $51.32 billion, a P/E ratio of 25.81 and a beta of 1.06. The stock has a fifty day moving average price of $168.21 and a 200 day moving average price of $177.10. iShares MSCI USA Quality Factor ETF has a 12 month low of $148.34 and a 12 month high of $187.26.

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.