NorthCrest Asset Manangement LLC Purchases Shares of 8,856 iShares MSCI USA Quality Factor ETF (BATS:QUAL)

NorthCrest Asset Manangement LLC acquired a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,856 shares of the company’s stock, valued at approximately $1,588,000.

Several other hedge funds have also modified their holdings of QUAL. Envestnet Asset Management Inc. increased its position in iShares MSCI USA Quality Factor ETF by 3.7% in 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. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 5.6% in the 2nd 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 during the last quarter. Ameriprise Financial Inc. grew its position in iShares MSCI USA Quality Factor ETF by 21.9% in the second quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock worth $821,412,000 after acquiring an additional 863,219 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 5.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock worth $530,462,000 after acquiring an additional 172,340 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in iShares MSCI USA Quality Factor ETF by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock worth $405,113,000 after acquiring an additional 73,653 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

BATS:QUAL opened at $179.76 on Friday. The firm has a market capitalization of $47.44 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The business has a 50 day simple moving average of $177.94 and a 200-day simple moving average of $170.79. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63.

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.