Sovran Advisors LLC Buys Shares of 58,663 iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Sovran Advisors LLC bought a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 58,663 shares of the company’s stock, valued at approximately $10,362,000. iShares MSCI USA Quality Factor ETF makes up about 1.5% of Sovran Advisors LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other large investors also recently bought and sold shares of QUAL. Signaturefd LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 46.3% during the third quarter. Signaturefd LLC now owns 717 shares of the company’s stock worth $129,000 after purchasing an additional 227 shares in the last quarter. CreativeOne Wealth LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 43.4% during the third quarter. CreativeOne Wealth LLC now owns 252,618 shares of the company’s stock worth $45,294,000 after purchasing an additional 76,472 shares in the last quarter. Midwest Heritage Bank FSB lifted its position in shares of iShares MSCI USA Quality Factor ETF by 1.7% during the third quarter. Midwest Heritage Bank FSB now owns 11,574 shares of the company’s stock worth $2,075,000 after purchasing an additional 199 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 28.3% during the third quarter. Armstrong Advisory Group Inc. now owns 671 shares of the company’s stock worth $120,000 after purchasing an additional 148 shares in the last quarter. Finally, Spectrum Planning & Advisory Services Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 7.4% during the third quarter. Spectrum Planning & Advisory Services Inc. now owns 40,398 shares of the company’s stock worth $7,243,000 after purchasing an additional 2,768 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $184.14 on Tuesday. The stock has a market capitalization of $48.59 billion, a PE ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63. The company’s 50-day simple moving average is $181.94 and its 200-day simple moving average is $178.91.

iShares MSCI USA Quality Factor ETF Company 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.