iShares MSCI USA Quality Factor ETF $QUAL is Modern Wealth Management LLC’s 8th Largest Position

Modern Wealth Management LLC raised its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 59.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 511,164 shares of the company’s stock after buying an additional 190,460 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 2.0% of Modern Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Modern Wealth Management LLC owned 0.18% of iShares MSCI USA Quality Factor ETF worth $99,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,012,339 shares of the company’s stock worth $1,281,996,000 after acquiring an additional 50,889 shares during the last quarter. Cerity Partners LLC increased its stake in iShares MSCI USA Quality Factor ETF by 39.6% in the second quarter. Cerity Partners LLC now owns 3,755,880 shares of the company’s stock valued at $686,910,000 after acquiring an additional 1,065,946 shares during the last quarter. MML Investors Services LLC increased its stake in iShares MSCI USA Quality Factor ETF by 1.3% in the second quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock valued at $631,514,000 after acquiring an additional 44,285 shares during the last quarter. Orgel Wealth Management LLC raised its position in iShares MSCI USA Quality Factor ETF by 1.7% during the third quarter. Orgel Wealth Management LLC now owns 3,005,601 shares of the company’s stock valued at $584,589,000 after purchasing an additional 51,076 shares in the last quarter. Finally, Blue Trust Inc. raised its position in iShares MSCI USA Quality Factor ETF by 2.9% during the third quarter. Blue Trust Inc. now owns 2,737,919 shares of the company’s stock valued at $532,525,000 after purchasing an additional 76,969 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 1.5%

Shares of QUAL stock opened at $198.66 on Friday. The business has a 50-day moving average price of $202.53 and a two-hundred day moving average price of $197.23. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $205.65. The firm has a market cap of $57.60 billion, a P/E ratio of 25.59 and a beta of 1.05.

About iShares MSCI USA Quality Factor ETF

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.