iShares MSCI USA Quality Factor ETF (BATS:QUAL) Position Increased by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 19.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,995 shares of the company’s stock after buying an additional 966 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,075,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of QUAL. Envestnet Asset Management Inc. increased its position in iShares MSCI USA Quality Factor ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock worth $4,787,771,000 after buying an additional 999,735 shares during the period. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 5.6% in the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock worth $2,352,213,000 after acquiring an additional 727,760 shares during the period. Ameriprise Financial Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 21.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock valued at $821,412,000 after purchasing an additional 863,219 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 5.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock valued at $530,462,000 after purchasing an additional 172,340 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in iShares MSCI USA Quality Factor ETF by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock valued at $405,113,000 after purchasing an additional 73,653 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Down 0.2 %

Shares of BATS:QUAL opened at $183.62 on Thursday. The firm’s 50 day moving average is $178.93 and its two-hundred day moving average is $172.78. The firm has a market capitalization of $48.46 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63.

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.