KPP Advisory Services LLC Has $5.17 Million Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

KPP Advisory Services LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 31.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,837 shares of the company’s stock after buying an additional 6,946 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 1.2% of KPP Advisory Services LLC’s investment portfolio, making the stock its 20th biggest position. KPP Advisory Services LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $5,170,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QUAL. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock valued at $4,787,771,000 after purchasing an additional 999,735 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 5.6% in the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock valued at $2,352,213,000 after purchasing an additional 727,760 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 21.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock valued at $821,412,000 after purchasing an additional 863,219 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 5.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock valued at $530,462,000 after purchasing an additional 172,340 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock valued at $405,113,000 after purchasing an additional 73,653 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL traded down $2.99 during trading hours on Friday, reaching $179.56. The stock had a trading volume of 1,164,884 shares. iShares MSCI USA Quality Factor ETF has a 12 month low of $71.96 and a 12 month high of $88.63. The stock has a market capitalization of $47.39 billion, a PE ratio of 23.03 and a beta of 1.03. The company’s 50-day moving average is $179.32 and its two-hundred day moving average is $172.93.

iShares MSCI USA Quality Factor ETF 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.