iShares MSCI USA Quality Factor ETF (BATS:QUAL) Stake Raised by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC increased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.4% in the second quarter, Holdings Channel.com reports. The firm owned 1,534,066 shares of the company’s stock after purchasing an additional 6,401 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 13.5% of Connecticut Wealth Management LLC’s investment portfolio, making the stock its biggest position. Connecticut Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $261,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in QUAL. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock worth $4,787,771,000 after purchasing an additional 999,735 shares during the last quarter. Cetera Investment Advisers grew its stake in iShares MSCI USA Quality Factor ETF by 141.3% in the 1st quarter. Cetera Investment Advisers now owns 1,677,664 shares of the company’s stock worth $275,724,000 after acquiring an additional 982,323 shares in the last quarter. Scarborough Advisors LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1,460.0% during the fourth quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock worth $143,242,000 after acquiring an additional 911,104 shares during the period. LPL Financial LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 5.6% during the second quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock valued at $2,352,213,000 after acquiring an additional 727,760 shares in the last quarter. Finally, Liberty Wealth Management LLC grew its stake in iShares MSCI USA Quality Factor ETF by 738.8% in the second quarter. Liberty Wealth Management LLC now owns 779,144 shares of the company’s stock worth $133,047,000 after purchasing an additional 686,255 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 0.3 %

QUAL opened at $178.40 on Friday. The stock’s fifty day moving average is $172.96 and its two-hundred day moving average is $167.78. The company has a market capitalization of $47.08 billion, a P/E 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.

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.