Waddell & Associates LLC Boosts Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Waddell & Associates LLC lifted its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 36.1% in the second quarter, HoldingsChannel reports. The fund owned 2,919 shares of the company’s stock after buying an additional 774 shares during the period. Waddell & Associates LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $498,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock worth $3,936,223,000 after purchasing an additional 744,380 shares during the last quarter. UBS Group AG lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 4.9% in the 4th quarter. UBS Group AG now owns 4,276,029 shares of the company’s stock valued at $629,175,000 after acquiring an additional 200,655 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock valued at $571,931,000 after acquiring an additional 897,256 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 5.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock valued at $530,462,000 after acquiring an additional 172,340 shares during the period. Finally, Bank of New York Mellon Corp grew its position in iShares MSCI USA Quality Factor ETF by 3.2% during the 2nd 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

iShares MSCI USA Quality Factor ETF stock traded down $2.05 during trading hours on Friday, reaching $170.66. The company had a trading volume of 1,176,714 shares. The firm has a market cap of $45.04 billion, a price-to-earnings 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. The company has a 50-day moving average price of $172.30 and a 200 day moving average price of $166.72.

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.