State of Michigan Retirement System Increases Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

State of Michigan Retirement System increased its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 26.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,850 shares of the company’s stock after purchasing an additional 33,200 shares during the period. State of Michigan Retirement System owned 0.06% of iShares MSCI USA Quality Factor ETF worth $28,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC grew its position in shares of 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 purchasing an additional 1,160,410 shares during the period. LPL Financial LLC grew its position in iShares MSCI USA Quality Factor ETF by 6.9% during 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 period. M&T Bank Corp grew its position in iShares MSCI USA Quality Factor ETF by 0.7% during the third quarter. M&T Bank Corp now owns 4,050,192 shares of the company’s stock valued at $726,199,000 after acquiring an additional 28,147 shares during the period. MML Investors Services LLC grew its position in iShares MSCI USA Quality Factor ETF by 6.3% during the third quarter. MML Investors Services LLC now owns 2,859,647 shares of the company’s stock valued at $512,735,000 after acquiring an additional 170,321 shares during the period. Finally, Cerity Partners LLC grew its position in iShares MSCI USA Quality Factor ETF by 7.2% during the third quarter. Cerity Partners LLC now owns 2,583,297 shares of the company’s stock valued at $463,185,000 after acquiring an additional 173,127 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 1.3 %

QUAL stock opened at $178.96 on Tuesday. The stock has a 50-day moving average price of $181.79 and a two-hundred day moving average price of $180.59. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The company has a market cap of $49.70 billion, a PE ratio of 28.36 and a beta of 1.04.

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.