Montecito Bank & Trust Raises Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Montecito Bank & Trust lifted its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,480 shares of the company’s stock after purchasing an additional 350 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 1.7% of Montecito Bank & Trust’s holdings, making the stock its 12th biggest holding. Montecito Bank & Trust’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QUAL. FMR LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.9% in the 3rd quarter. FMR LLC now owns 15,848,761 shares of the company’s stock valued at $2,841,683,000 after acquiring an additional 1,160,410 shares during the last quarter. LPL Financial LLC increased its stake in iShares MSCI USA Quality Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock valued at $2,640,340,000 after buying an additional 950,857 shares during the period. Ameriprise Financial Inc. raised its position in iShares MSCI USA Quality Factor ETF by 21.9% in the second quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock worth $821,412,000 after acquiring an additional 863,219 shares in the last quarter. M&T Bank Corp grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.7% in the 3rd quarter. M&T Bank Corp now owns 4,050,192 shares of the company’s stock worth $726,199,000 after acquiring an additional 28,147 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 6.3% during the third quarter. MML Investors Services LLC now owns 2,859,647 shares of the company’s stock valued at $512,735,000 after buying an additional 170,321 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS QUAL opened at $184.65 on Friday. The company has a market capitalization of $48.73 billion, a P/E ratio of 23.03 and a beta of 1.03. The business’s 50-day moving average price is $181.67 and its two-hundred day moving average price is $177.98. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63.

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.