Cornerstone Advisors Asset Management LLC Raises Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Cornerstone Advisors Asset Management LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,328 shares of the company’s stock after acquiring an additional 540 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for approximately 1.1% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 24th biggest holding. Cornerstone Advisors Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $5,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Financial Life Planners bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth approximately $25,000. Barrett & Company Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF in the third quarter worth $27,000. Voisard Asset Management Group Inc. bought a new position in iShares MSCI USA Quality Factor ETF in the third quarter worth $27,000. OLD Second National Bank of Aurora purchased a new position in iShares MSCI USA Quality Factor ETF during the third quarter valued at $27,000. Finally, Centennial Bank AR purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth about $29,000.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL stock opened at $185.50 on Wednesday. The firm has a 50 day moving average price of $181.78 and a 200-day moving average price of $179.56. The firm has a market capitalization of $48.95 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63.

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.