Summit X LLC Has $17.43 Million Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Summit X LLC increased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,899 shares of the company’s stock after buying an additional 1,247 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 3.9% of Summit X LLC’s portfolio, making the stock its 5th biggest holding. Summit X LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $17,434,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its stake in iShares MSCI USA Quality Factor ETF by 4.0% in the fourth quarter. HighTower Advisors LLC now owns 1,410,709 shares of the company’s stock valued at $251,219,000 after purchasing an additional 54,902 shares in the last quarter. Moors & Cabot Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 4.5% in the fourth quarter. Moors & Cabot Inc. now owns 3,298 shares of the company’s stock valued at $587,000 after purchasing an additional 142 shares in the last quarter. Wealthfront Advisers LLC grew its stake in iShares MSCI USA Quality Factor ETF by 374.8% in the fourth quarter. Wealthfront Advisers LLC now owns 16,978 shares of the company’s stock valued at $3,023,000 after purchasing an additional 13,402 shares in the last quarter. AGF Management Ltd. grew its stake in iShares MSCI USA Quality Factor ETF by 67.0% in the fourth quarter. AGF Management Ltd. now owns 130,583 shares of the company’s stock valued at $23,254,000 after purchasing an additional 52,375 shares in the last quarter. Finally, GC Wealth Management RIA LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 4.9% in the fourth quarter. GC Wealth Management RIA LLC now owns 4,917 shares of the company’s stock valued at $876,000 after buying an additional 231 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 3.2 %

QUAL opened at $170.91 on Wednesday. iShares MSCI USA Quality Factor ETF has a 12-month low of $154.17 and a 12-month high of $187.26. The stock has a market cap of $47.46 billion, a price-to-earnings ratio of 28.36 and a beta of 1.04. The business has a 50 day moving average of $181.13 and a 200-day moving average of $180.57.

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.