Motive Wealth Advisors Buys 23,569 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Motive Wealth Advisors lifted its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 52.2% in the first quarter, HoldingsChannel.com reports. The firm owned 68,689 shares of the company’s stock after purchasing an additional 23,569 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises 6.8% of Motive Wealth Advisors’ investment portfolio, making the stock its 5th largest position. Motive Wealth Advisors’ holdings in iShares MSCI USA Quality Factor ETF were worth $11,289,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC bought a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $28,000. Thompson Investment Management Inc. acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $34,000. MCF Advisors LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the 1st quarter worth about $37,000. Finally, City State Bank raised its holdings in iShares MSCI USA Quality Factor ETF by 123.7% during the 1st quarter. City State Bank now owns 255 shares of the company’s stock worth $42,000 after purchasing an additional 141 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS QUAL traded up $1.29 during mid-day trading on Friday, hitting $174.34. The company’s stock had a trading volume of 784,826 shares. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The company’s fifty day simple moving average is $168.61 and its 200-day simple moving average is $160.75. The stock has a market cap of $46.01 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

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.