Flagship Wealth Advisors LLC Makes New Investment in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Flagship Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 578 shares of the company’s stock, valued at approximately $103,000.

A number of other institutional investors have also recently made changes to their positions in QUAL. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $331,412,000. FMR LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.9% during the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock valued at $2,841,683,000 after buying an additional 1,160,410 shares during the last quarter. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 6.9% during the third 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 last quarter. Strategic Financial Concepts LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 18,801.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 522,633 shares of the company’s stock valued at $93,070,000 after buying an additional 519,868 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $81,990,000.

iShares MSCI USA Quality Factor ETF Stock Down 2.0 %

BATS:QUAL opened at $173.16 on Tuesday. The company’s 50 day moving average price is $180.55 and its 200-day moving average price is $180.41. iShares MSCI USA Quality Factor ETF has a 52 week low of $154.17 and a 52 week high of $187.26. The stock has a market cap of $49.15 billion, a price-to-earnings ratio of 26.45 and a beta of 1.04.

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.