Balentine LLC Has $123.98 Million Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Balentine LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 726,063 shares of the company’s stock after purchasing an additional 28,111 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 5.6% of Balentine LLC’s investment portfolio, making the stock its 6th biggest position. Balentine LLC owned about 0.28% of iShares MSCI USA Quality Factor ETF worth $123,983,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Unique Wealth Strategies LLC bought a new position in iShares MSCI USA Quality Factor ETF during the second quarter valued at about $37,000. MCF Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter worth approximately $37,000. Opal Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the second quarter valued at approximately $41,000. City State Bank increased its position in shares of iShares MSCI USA Quality Factor ETF by 123.7% during the first quarter. City State Bank now owns 255 shares of the company’s stock valued at $42,000 after purchasing an additional 141 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the first quarter valued at $48,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL stock opened at $172.56 on Tuesday. The stock has a fifty day moving average price of $172.34 and a 200 day moving average price of $166.88. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The stock has a market cap of $45.54 billion, a P/E ratio of 23.03 and a beta of 1.03.

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.