iShares MSCI USA Quality Factor ETF $QUAL is LGT Financial Advisors LLC’s 5th Largest Position

LGT Financial Advisors LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 12.2% during the second quarter, HoldingsChannel.com reports. The fund owned 6,717 shares of the company’s stock after purchasing an additional 733 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up 3.1% of LGT Financial Advisors LLC’s holdings, making the stock its 5th largest position. LGT Financial Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Avidian Wealth Enterprises LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 4.8% during the second quarter. Avidian Wealth Enterprises LLC now owns 36,726 shares of the company’s stock worth $6,714,000 after acquiring an additional 1,695 shares during the period. Drive Wealth Management LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 69.1% in the second quarter. Drive Wealth Management LLC now owns 10,024 shares of the company’s stock valued at $1,833,000 after purchasing an additional 4,095 shares during the period. Crewe Advisors LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 90.7% during the 2nd quarter. Crewe Advisors LLC now owns 3,028 shares of the company’s stock valued at $554,000 after acquiring an additional 1,440 shares during the period. Elevation Capital Advisory LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the second quarter worth $7,086,000. Finally, Unison Advisors LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 3.6% in the 2nd quarter. Unison Advisors LLC now owns 221,609 shares of the company’s stock worth $40,514,000 after buying an additional 7,729 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 10.8%

BATS:QUAL opened at $195.68 on Tuesday. The company has a market capitalization of $56.74 billion, a P/E ratio of 25.59 and a beta of 1.05. The firm has a 50-day moving average price of $191.36 and a two-hundred day moving average price of $181.35. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $187.26.

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.