Financial Enhancement Group LLC Grows Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Financial Enhancement Group LLC grew its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 153.6% during the fourth quarter, HoldingsChannel reports. The firm owned 26,902 shares of the company’s stock after buying an additional 16,295 shares during the period. Financial Enhancement Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $4,752,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QUAL. FMR LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 7.9% in the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock worth $2,841,683,000 after acquiring an additional 1,160,410 shares in the last quarter. LPL Financial LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 6.9% during the 3rd 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 last quarter. Ameriprise Financial Inc. raised its position in shares of 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 in the last quarter. M&T Bank Corp boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 0.7% during the 3rd quarter. M&T Bank Corp now owns 4,050,192 shares of the company’s stock valued at $726,199,000 after buying an additional 28,147 shares during the last quarter. Finally, MML Investors Services LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 6.3% during the third quarter. MML Investors Services LLC now owns 2,859,647 shares of the company’s stock worth $512,735,000 after buying an additional 170,321 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 1.6 %

Shares of BATS:QUAL opened at $179.45 on Thursday. The firm has a market cap of $47.36 billion, a PE ratio of 23.03 and a beta of 1.03. The company has a fifty day simple moving average of $181.95 and a 200 day simple moving average of $177.66. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month 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.