Sapient Capital LLC Invests $540,000 in iShares MSCI USA Quality Factor ETF $QUAL

Sapient Capital LLC bought a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,462 shares of the company’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QUAL. Bank of America Corp DE increased its stake in shares of iShares MSCI USA Quality Factor ETF by 36.9% during the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after purchasing an additional 2,357,971 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 1.3% in the 2nd quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock valued at $631,514,000 after purchasing an additional 44,285 shares during the last quarter. Orgel Wealth Management LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 2.0% in the 2nd quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock valued at $736,892,000 after purchasing an additional 65,534 shares during the last quarter. Facet Wealth Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 11.3% in the second quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock worth $724,159,000 after purchasing an additional 334,234 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in iShares MSCI USA Quality Factor ETF by 11.2% in the fourth quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock worth $474,097,000 after purchasing an additional 240,881 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

iShares MSCI USA Quality Factor ETF stock opened at $222.58 on Friday. iShares MSCI USA Quality Factor ETF has a one year low of $185.88 and a one year high of $227.32. The company’s fifty day moving average price is $221.12 and its two-hundred day moving average price is $211.06. The company has a market capitalization of $64.54 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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