Connable Office Inc. Makes New Investment in iShares MSCI USA Quality Factor ETF $QUAL

Connable Office Inc. acquired a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 98,993 shares of the company’s stock, valued at approximately $18,098,000. iShares MSCI USA Quality Factor ETF accounts for 1.8% of Connable Office Inc.’s investment portfolio, making the stock its 12th biggest position.

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

iShares MSCI USA Quality Factor ETF Stock Up 11.2%

Shares of BATS:QUAL opened at $196.35 on Monday. 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 moving average price of $193.01 and a 200 day moving average price of $184.09. The company has a market cap of $56.93 billion, a P/E ratio of 25.59 and a beta of 1.05.

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.