Sunbelt Securities Inc. Has $994,000 Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Sunbelt Securities Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.0% in the second quarter, HoldingsChannel.com reports. The firm owned 5,823 shares of the company’s stock after purchasing an additional 172 shares during the quarter. Sunbelt Securities Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in iShares MSCI USA Quality Factor ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock valued at $4,787,771,000 after purchasing an additional 999,735 shares during the period. LPL Financial LLC increased its position in iShares MSCI USA Quality Factor ETF by 5.6% during the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock valued at $2,352,213,000 after purchasing an additional 727,760 shares during the period. Ameriprise Financial Inc. increased its position in iShares MSCI USA Quality Factor ETF by 21.9% during 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 during the period. Envestnet Portfolio Solutions Inc. increased its position in iShares MSCI USA Quality Factor ETF by 5.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock valued at $530,462,000 after purchasing an additional 172,340 shares during the period. Finally, Bank of New York Mellon Corp increased its position in iShares MSCI USA Quality Factor ETF by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock valued at $405,113,000 after purchasing an additional 73,653 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

iShares MSCI USA Quality Factor ETF stock opened at $179.19 on Tuesday. The stock has a market capitalization of $47.29 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The stock’s 50 day moving average price is $173.50 and its two-hundred day moving average price is $168.45.

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.