Kovack Advisors Inc. Has $6.28 Million Stake in iShares MSCI USA Quality Factor ETF $QUAL

Kovack Advisors Inc. grew its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 445.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,628 shares of the company’s stock after purchasing an additional 25,830 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $6,282,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. WealthBridge Capital Management LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 3.7% during the 4th quarter. WealthBridge Capital Management LLC now owns 1,395 shares of the company’s stock valued at $277,000 after purchasing an additional 50 shares during the last quarter. Empire Life Investments Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 0.8% in the fourth quarter. Empire Life Investments Inc. now owns 6,150 shares of the company’s stock worth $1,222,000 after purchasing an additional 50 shares during the last quarter. Tompkins Financial Corp boosted its position in shares of iShares MSCI USA Quality Factor ETF by 17.8% during the fourth quarter. Tompkins Financial Corp now owns 344 shares of the company’s stock valued at $68,000 after buying an additional 52 shares during the period. First Command Advisory Services Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 16.5% during the fourth quarter. First Command Advisory Services Inc. now owns 374 shares of the company’s stock valued at $74,000 after buying an additional 53 shares during the last quarter. Finally, Members Trust Co grew its stake in shares of iShares MSCI USA Quality Factor ETF by 4.3% during the third quarter. Members Trust Co now owns 1,384 shares of the company’s stock valued at $269,000 after buying an additional 57 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $215.90 on Friday. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $175.20 and a fifty-two week high of $217.65. The company has a market cap of $62.60 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The business’s 50 day moving average price is $208.14 and its 200-day moving average price is $202.84.

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.