Modern Wealth Management LLC Has $87.53 Million Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Modern Wealth Management LLC lowered its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 21.8% in the first quarter, Holdings Channel.com reports. The fund owned 454,044 shares of the company’s stock after selling 126,735 shares during the period. iShares MSCI USA Quality Factor ETF makes up 1.5% of Modern Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Modern Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $87,526,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of QUAL. Two Sigma Investments LP increased its position 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 purchasing an additional 964,500 shares during the period. Goldman Sachs Group Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 403.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,107,669 shares of the company’s stock worth $220,005,000 after purchasing an additional 887,478 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in iShares MSCI USA Quality Factor ETF by 79.0% in the fourth 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 purchasing an additional 778,465 shares during the period. Heck Capital Advisors LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter worth $81,990,000. Finally, Orion Porfolio Solutions LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 298.3% during the second quarter. Orion Porfolio Solutions LLC now owns 542,767 shares of the company’s stock worth $99,229,000 after buying an additional 406,488 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $216.00 on Friday. The firm has a market capitalization of $62.63 billion, a PE ratio of 25.59 and a beta of 1.05. The company’s fifty day moving average price is $215.97 and its two-hundred day moving average price is $206.74. iShares MSCI USA Quality Factor ETF has a 52-week low of $181.65 and a 52-week high of $221.16.

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.