Sequoia Financial Advisors LLC Raises Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Sequoia Financial Advisors LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 29.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 167,954 shares of the company’s stock after purchasing an additional 38,561 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $28,702,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of QUAL. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.5% during the 4th quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock worth $3,003,821,000 after purchasing an additional 2,141,996 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $349,393,000. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $331,412,000. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock worth $1,171,864,000 after purchasing an additional 837,887 shares during the period. Finally, Orgel Wealth Management LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 46.9% during the 1st quarter. Orgel Wealth Management LLC now owns 1,883,917 shares of the company’s stock worth $321,943,000 after purchasing an additional 601,089 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS:QUAL opened at $179.33 on Thursday. iShares MSCI USA Quality Factor ETF has a 1 year low of $148.34 and a 1 year high of $187.26. The stock has a market capitalization of $52.00 billion, a P/E ratio of 25.59 and a beta of 1.05. The stock has a 50-day simple moving average of $174.30 and a 200-day simple moving average of $176.19.

iShares MSCI USA Quality Factor ETF Company 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.