SteelPeak Wealth LLC Increases Stake in iShares MSCI USA Quality Factor ETF $QUAL

SteelPeak Wealth LLC grew its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,159 shares of the company’s stock after acquiring an additional 8,188 shares during the period. iShares MSCI USA Quality Factor ETF comprises 1.4% of SteelPeak Wealth LLC’s portfolio, making the stock its 14th largest holding. SteelPeak Wealth LLC owned 0.07% of iShares MSCI USA Quality Factor ETF worth $36,045,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in QUAL. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 2,898.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,622,243 shares of the company’s stock valued at $1,302,565,000 after buying an additional 7,368,058 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF by 9.3% in the first quarter. Envestnet Asset Management Inc. now owns 31,853,469 shares of the company’s stock valued at $5,443,439,000 after acquiring an additional 2,711,718 shares during the period. BNP Paribas Financial Markets lifted its holdings in iShares MSCI USA Quality Factor ETF by 3,606,710.7% in the first quarter. BNP Paribas Financial Markets now owns 2,705,108 shares of the company’s stock valued at $462,276,000 after acquiring an additional 2,705,033 shares during the period. LPL Financial LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 7.8% during the 1st quarter. LPL Financial LLC now owns 18,186,643 shares of the company’s stock worth $3,107,915,000 after purchasing an additional 1,318,823 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of iShares MSCI USA Quality Factor ETF by 213.6% during the 1st quarter. Focus Partners Wealth now owns 1,891,522 shares of the company’s stock worth $323,242,000 after purchasing an additional 1,288,398 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Up 11.5%

Shares of QUAL opened at $196.89 on Tuesday. The company has a market capitalization of $57.09 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26. The company has a 50-day simple moving average of $189.51 and a 200-day simple moving average of $179.86.

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.