iShares MSCI USA Quality Factor ETF $QUAL Stock: Sumitomo Mitsui DS Asset Management Company Ltd Increases Position

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 107.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,279 shares of the company’s stock after purchasing an additional 3,253 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in iShares MSCI USA Quality Factor ETF during the first quarter worth about $28,000. Indiana Trust & Investment Management Co increased its holdings in iShares MSCI USA Quality Factor ETF by 1,500.0% in the first quarter. Indiana Trust & Investment Management Co now owns 176 shares of the company’s stock valued at $34,000 after buying an additional 165 shares in the last quarter. First Community Trust NA purchased a new position in iShares MSCI USA Quality Factor ETF in the third quarter valued at about $40,000. Strive Financial Group LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 1,730.0% in the second quarter. Strive Financial Group LLC now owns 183 shares of the company’s stock valued at $40,000 after buying an additional 173 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA purchased a new position in iShares MSCI USA Quality Factor ETF in the second quarter valued at about $49,000.

iShares MSCI USA Quality Factor ETF Trading Down 0.8%

QUAL stock opened at $222.82 on Friday. The firm has a 50 day moving average of $223.28 and a 200-day moving average of $217.26. iShares MSCI USA Quality Factor ETF has a 12-month low of $185.88 and a 12-month high of $228.13. The company has a market cap of $64.61 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF shares are scheduled to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

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