Euro Pacific Asset Management LLC bought a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,569 shares of the company’s stock, valued at approximately $652,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF by 9.3% in the first quarter. Envestnet Asset Management Inc. now owns 31,853,469 shares of the company’s stock valued at $5,443,439,000 after acquiring an additional 2,711,718 shares during the period. LPL Financial LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 7.8% during the 1st quarter. LPL Financial LLC now owns 18,186,643 shares of the company’s stock valued at $3,107,915,000 after buying an additional 1,318,823 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in iShares MSCI USA Quality Factor ETF by 2,898.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,622,243 shares of the company’s stock worth $1,302,565,000 after purchasing an additional 7,368,058 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares MSCI USA Quality Factor ETF by 5.8% in the first 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 during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 6.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,143,391 shares of the company’s stock worth $878,890,000 after purchasing an additional 324,478 shares during the period.
iShares MSCI USA Quality Factor ETF Trading Up 11.2%
Shares of BATS:QUAL opened at $196.47 on Monday. The stock’s 50-day moving average price is $189.31 and its two-hundred day moving average price is $179.69. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26. The firm has a market cap of $56.97 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.
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.
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