Drive Wealth Management LLC Grows Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Drive Wealth Management LLC raised its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 32.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,407 shares of the company’s stock after acquiring an additional 1,333 shares during the period. Drive Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QUAL. BNP Paribas Financial Markets grew its holdings in iShares MSCI USA Quality Factor ETF by 389.4% in the first quarter. BNP Paribas Financial Markets now owns 788 shares of the company’s stock valued at $130,000 after purchasing an additional 627 shares during the period. Blair William & Co. IL increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 16.0% during the 1st quarter. Blair William & Co. IL now owns 13,701 shares of the company’s stock worth $2,252,000 after buying an additional 1,889 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 364.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 39,322 shares of the company’s stock worth $6,463,000 after buying an additional 30,860 shares during the last quarter. Bessemer Group Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 169.3% in the 1st quarter. Bessemer Group Inc. now owns 2,418 shares of the company’s stock worth $396,000 after buying an additional 1,520 shares during the period. Finally, Lake Street Advisors Group LLC acquired a new position in iShares MSCI USA Quality Factor ETF in the first quarter valued at $1,150,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL opened at $179.56 on Monday. The business has a 50-day moving average of $179.50 and a two-hundred day moving average of $173.18. The firm has a market capitalization of $47.39 billion, a PE ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 12 month low of $71.96 and a 12 month high of $88.63.

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.