LPL Financial LLC Has $3 Billion Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

LPL Financial LLC increased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,867,820 shares of the company’s stock after buying an additional 2,141,996 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 1.2% of LPL Financial LLC’s portfolio, making the stock its 8th biggest holding. LPL Financial LLC owned about 6.39% of iShares MSCI USA Quality Factor ETF worth $3,003,821,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $25,000. BankPlus Trust Department acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $27,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $32,000. Whittier Trust Co. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 63.1% during the fourth quarter. Whittier Trust Co. now owns 212 shares of the company’s stock worth $38,000 after purchasing an additional 82 shares during the period. Finally, MGB Wealth Management LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth approximately $39,000.

iShares MSCI USA Quality Factor ETF Trading Down 2.9 %

Shares of BATS QUAL opened at $171.60 on Friday. The firm has a market cap of $48.71 billion, a P/E ratio of 26.45 and a beta of 1.04. iShares MSCI USA Quality Factor ETF has a 1-year low of $154.17 and a 1-year high of $187.26. The business’s 50 day moving average is $179.96 and its 200-day moving average is $180.24.

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.