First Trust Direct Indexing L.P. Makes New $1.26 Million Investment in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

First Trust Direct Indexing L.P. acquired a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,644 shares of the company’s stock, valued at approximately $1,256,000.

Several other institutional investors have also recently modified their holdings of the company. Bedel Financial Consulting Inc. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.3% in the 4th quarter. Bedel Financial Consulting Inc. now owns 20,451 shares of the company’s stock worth $3,009,000 after acquiring an additional 65 shares during the last quarter. Integrated Advisors Network LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 0.9% in the fourth quarter. Integrated Advisors Network LLC now owns 7,545 shares of the company’s stock worth $1,110,000 after buying an additional 66 shares during the period. NBC Securities Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 27.2% in the first quarter. NBC Securities Inc. now owns 309 shares of the company’s stock worth $51,000 after buying an additional 66 shares during the period. Carolinas Wealth Consulting LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 2.9% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 2,371 shares of the company’s stock valued at $349,000 after buying an additional 67 shares during the last quarter. Finally, JNBA Financial Advisors boosted its position in iShares MSCI USA Quality Factor ETF by 14.0% during the 4th quarter. JNBA Financial Advisors now owns 563 shares of the company’s stock valued at $83,000 after buying an additional 69 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Up 0.4 %

Shares of iShares MSCI USA Quality Factor ETF stock opened at $172.21 on Friday. The company’s fifty day simple moving average is $166.73 and its two-hundred day simple moving average is $159.64. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The firm has a market cap of $45.45 billion, a PE ratio of 23.03 and a beta of 1.03.

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.