Avantax Advisory Services Inc. Buys 10,057 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Avantax Advisory Services Inc. lifted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,620 shares of the company’s stock after purchasing an additional 10,057 shares during the period. Avantax Advisory Services Inc. owned 0.09% of iShares MSCI USA Quality Factor ETF worth $48,195,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,478,050 shares of the company’s stock valued at $5,937,618,000 after purchasing an additional 624,581 shares during the period. LPL Financial LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 7.8% in the 1st quarter. LPL Financial LLC now owns 18,186,643 shares of the company’s stock worth $3,107,915,000 after purchasing an additional 1,318,823 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares MSCI USA Quality Factor ETF by 5.8% during the 1st quarter. JPMorgan Chase & Co. now owns 6,961,450 shares of the company’s stock valued at $1,189,642,000 after buying an additional 380,904 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF by 6.7% during the first quarter. Ameriprise Financial Inc. now owns 5,143,391 shares of the company’s stock valued at $878,890,000 after buying an additional 324,478 shares during the period. Finally, CWM LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1.9% during the second quarter. CWM LLC now owns 3,387,135 shares of the company’s stock valued at $619,236,000 after buying an additional 64,226 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 10.0%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $194.23 on Friday. The company’s 50-day moving average price is $194.21 and its 200-day moving average price is $186.11. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26. The company has a market cap of $56.32 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.