Fortis Capital Advisors LLC Buys 76 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Fortis Capital Advisors LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,231 shares of the company’s stock after acquiring an additional 76 shares during the quarter. Fortis Capital Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 29,141,751 shares of the company’s stock worth $5,189,563,000 after acquiring an additional 596,515 shares during the last quarter. LPL Financial LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 14.5% during the 4th quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock worth $3,003,821,000 after buying an additional 2,141,996 shares in the last quarter. FMR LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 1.8% during the 4th quarter. FMR LLC now owns 16,141,300 shares of the company’s stock worth $2,874,443,000 after buying an additional 292,539 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares MSCI USA Quality Factor ETF by 14.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock valued at $1,171,864,000 after buying an additional 837,887 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of iShares MSCI USA Quality Factor ETF by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 5,349,439 shares of the company’s stock valued at $952,628,000 after buying an additional 100,243 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Down 7.4 %

Shares of QUAL opened at $163.52 on Friday. The stock’s fifty day simple moving average is $174.51 and its 200-day simple moving average is $179.00. The firm has a market capitalization of $46.34 billion, a PE ratio of 26.25 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26.

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.