Cornerstone Advisors Asset Management LLC Raises Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Cornerstone Advisors Asset Management LLC grew its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 12.0% in the third quarter, Holdings Channel reports. The firm owned 31,027 shares of the company’s stock after buying an additional 3,331 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 1.1% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 22nd biggest position. Cornerstone Advisors Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $6,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QUAL. Almanack Investment Partners LLC. lifted its stake in iShares MSCI USA Quality Factor ETF by 0.4% during the 3rd quarter. Almanack Investment Partners LLC. now owns 13,062 shares of the company’s stock valued at $2,541,000 after acquiring an additional 52 shares during the period. Galvin Gaustad & Stein LLC lifted its position in iShares MSCI USA Quality Factor ETF by 2.6% during the second quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock valued at $383,000 after purchasing an additional 54 shares during the period. Cape Investment Advisory Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 2.3% in the second quarter. Cape Investment Advisory Inc. now owns 2,517 shares of the company’s stock worth $460,000 after purchasing an additional 57 shares during the last quarter. Atlas Brown Inc. grew its position in iShares MSCI USA Quality Factor ETF by 2.0% in the 3rd quarter. Atlas Brown Inc. now owns 2,889 shares of the company’s stock worth $562,000 after purchasing an additional 57 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its stake in iShares MSCI USA Quality Factor ETF by 4.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 1,375 shares of the company’s stock valued at $269,000 after buying an additional 58 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

BATS QUAL opened at $203.69 on Tuesday. The stock has a market capitalization of $59.06 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The business’s fifty day moving average price is $200.67 and its 200-day moving average price is $194.52.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.