Drive Wealth Management LLC Raises Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Drive Wealth Management LLC boosted its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 9.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,894 shares of the company’s stock after acquiring an additional 487 shares during the period. Drive Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its stake in iShares MSCI USA Quality Factor ETF by 7.9% during the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock worth $2,841,683,000 after purchasing an additional 1,160,410 shares during the period. LPL Financial LLC increased its stake in iShares MSCI USA Quality Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock worth $2,640,340,000 after purchasing an additional 950,857 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the second quarter worth about $108,645,000. Orgel Wealth Management LLC increased its stake in iShares MSCI USA Quality Factor ETF by 71.6% during the third quarter. Orgel Wealth Management LLC now owns 1,236,792 shares of the company’s stock worth $221,757,000 after purchasing an additional 515,998 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the second quarter worth about $77,463,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL opened at $184.10 on Monday. The firm has a market capitalization of $48.58 billion, a PE ratio of 23.03 and a beta of 1.03. The firm’s 50-day moving average is $181.80 and its two-hundred day moving average is $178.16. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63.

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.