Hilltop Holdings Inc. Invests $3.18 Million in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Hilltop Holdings Inc. acquired a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,725 shares of the company’s stock, valued at approximately $3,178,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QUAL. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock valued at $4,787,771,000 after purchasing an additional 999,735 shares in the last quarter. FMR LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 7.9% in the 3rd quarter. FMR LLC now owns 15,848,761 shares of the company’s stock valued at $2,841,683,000 after buying an additional 1,160,410 shares during the last quarter. LPL Financial LLC boosted its position in iShares MSCI USA Quality Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock worth $2,640,340,000 after buying an additional 950,857 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares MSCI USA Quality Factor ETF by 21.9% during the 2nd 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 during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in iShares MSCI USA Quality Factor ETF by 5.9% in 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.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL stock opened at $185.92 on Tuesday. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The company has a market capitalization of $49.06 billion, a P/E ratio of 23.03 and a beta of 1.03. The company has a fifty day moving average price of $180.98 and a 200-day moving average price of $174.91.

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.