Empower Advisory Group LLC Increases Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Empower Advisory Group LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 37.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,122 shares of the company’s stock after buying an additional 1,121 shares during the period. Empower Advisory Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QUAL. FMR LLC increased its holdings 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 valued at $2,841,683,000 after buying an additional 1,160,410 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 6.9% in 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 in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 18,801.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 522,633 shares of the company’s stock worth $93,070,000 after purchasing an additional 519,868 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth $81,990,000. Finally, Goldstein Advisors LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 11,176.9% in the third quarter. Goldstein Advisors LLC now owns 282,036 shares of the company’s stock worth $50,569,000 after purchasing an additional 279,535 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS QUAL opened at $185.50 on Wednesday. The firm has a fifty day moving average price of $181.78 and a 200-day moving average price of $179.56. The stock has a market cap of $48.95 billion, a PE ratio of 23.03 and a beta of 1.03. 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.