AdvisorShares Investments LLC Buys Shares of 365,784 iShares MSCI USA Quality Factor ETF $QUAL

AdvisorShares Investments LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 1st quarter, Holdings Channel.com reports. The fund purchased 365,784 shares of the company’s stock, valued at approximately $70,161,000. iShares MSCI USA Quality Factor ETF makes up 12.8% of AdvisorShares Investments LLC’s portfolio, making the stock its biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 25.3% in the fourth quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock valued at $1,786,000 after acquiring an additional 2,023 shares during the period. Heck Capital Advisors LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $81,990,000. Bison Wealth LLC boosted its position in iShares MSCI USA Quality Factor ETF by 21.6% in the fourth quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock worth $3,395,000 after purchasing an additional 3,383 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 45.5% during the 1st quarter. AQR Capital Management LLC now owns 19,681 shares of the company’s stock valued at $3,363,000 after purchasing an additional 6,152 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF by 88.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 132,198 shares of the company’s stock valued at $22,591,000 after purchasing an additional 62,219 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL opened at $218.43 on Friday. The firm’s 50 day moving average price is $213.27 and its 200-day moving average price is $204.84. iShares MSCI USA Quality Factor ETF has a twelve month low of $181.55 and a twelve month high of $220.24. The stock has a market capitalization of $63.33 billion, a PE ratio of 25.59 and a beta of 1.05.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.