Advance Capital Management Inc. Buys 181 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Advance Capital Management Inc. raised its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,169 shares of the company’s stock after acquiring an additional 181 shares during the period. Advance Capital Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings in iShares MSCI USA Quality Factor ETF by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock valued at $4,787,771,000 after buying an additional 999,735 shares during the period. FMR LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 7.9% in the third 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 in the last quarter. LPL Financial LLC grew its position in iShares MSCI USA Quality Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock valued at $2,640,340,000 after acquiring an additional 950,857 shares during the last quarter. Ameriprise Financial Inc. raised its stake in iShares MSCI USA Quality Factor ETF by 21.9% during 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. Finally, M&T Bank Corp lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.7% in the third quarter. M&T Bank Corp now owns 4,050,192 shares of the company’s stock worth $726,199,000 after acquiring an additional 28,147 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of iShares MSCI USA Quality Factor ETF stock traded up $1.69 during midday trading on Monday, hitting $179.30. 760,734 shares of the company traded hands. The firm’s fifty day moving average price is $182.07 and its 200-day moving average price is $177.34. The stock has a market cap of $47.32 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.

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.