D.A. Davidson & CO. Increases Position in iShares MSCI USA Quality Factor ETF $QUAL

D.A. Davidson & CO. lifted its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 552,745 shares of the company’s stock after purchasing an additional 7,737 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 0.7% of D.A. Davidson & CO.’s portfolio, making the stock its 28th largest holding. D.A. Davidson & CO.’s holdings in iShares MSCI USA Quality Factor ETF were worth $101,053,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Keener Financial Planning LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at $29,000. Cullen Frost Bankers Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 84.2% during the first quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock worth $30,000 after purchasing an additional 80 shares during the last quarter. CX Institutional boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 151.9% during the second quarter. CX Institutional now owns 204 shares of the company’s stock valued at $37,000 after purchasing an additional 123 shares during the period. Legacy Wealth Managment LLC ID purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the first quarter valued at $37,000. Finally, BankPlus Trust Department grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 58.4% in the first quarter. BankPlus Trust Department now owns 244 shares of the company’s stock worth $42,000 after purchasing an additional 90 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL stock opened at $196.21 on Wednesday. iShares MSCI USA Quality Factor ETF has a 12 month low of $148.34 and a 12 month high of $187.26. The firm’s 50-day moving average is $191.54 and its 200 day moving average is $181.57. The company has a market capitalization of $56.89 billion, a PE 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.