Founders Financial Securities LLC Buys 840 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Founders Financial Securities LLC increased its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,111 shares of the company’s stock after acquiring an additional 840 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 1.5% of Founders Financial Securities LLC’s holdings, making the stock its 14th largest holding. Founders Financial Securities LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $16,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in iShares MSCI USA Quality Factor ETF by 141.3% during the 1st quarter. Cetera Investment Advisers now owns 1,677,664 shares of the company’s stock valued at $275,724,000 after purchasing an additional 982,323 shares during the last quarter. Scarborough Advisors LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 1,460.0% in the fourth quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock valued at $143,242,000 after acquiring an additional 911,104 shares in the last quarter. Wells Fargo & Company MN increased its position in iShares MSCI USA Quality Factor ETF by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock valued at $571,931,000 after purchasing an additional 897,256 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock worth $3,936,223,000 after purchasing an additional 744,380 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 108.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,056,047 shares of the company’s stock valued at $155,387,000 after purchasing an additional 550,321 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL stock opened at $173.95 on Wednesday. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63. The firm has a 50-day moving average of $172.25 and a 200 day moving average of $166.45. The company has a market cap of $45.91 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.