Gradient Investments LLC Acquires 7,455 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Gradient Investments LLC boosted its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 339,539 shares of the company’s stock after purchasing an additional 7,455 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up 1.2% of Gradient Investments LLC’s portfolio, making the stock its 21st biggest holding. Gradient Investments LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $60,465,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Halpern Financial Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at about $26,000. Barrett & Company Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter worth $27,000. Voisard Asset Management Group Inc. bought a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter worth about $27,000. OLD Second National Bank of Aurora purchased a new position in iShares MSCI USA Quality Factor ETF in the third quarter worth about $27,000. Finally, Centennial Bank AR bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $29,000.

iShares MSCI USA Quality Factor ETF Trading Up 4.2 %

QUAL stock opened at $184.10 on Friday. The stock’s 50 day simple moving average is $181.80 and its 200 day simple moving average is $178.11. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The stock has a market capitalization of $48.58 billion, a PE ratio of 23.03 and a beta of 1.03.

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.