Spire Wealth Management Grows Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Spire Wealth Management raised its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 93,564 shares of the company’s stock after purchasing an additional 4,236 shares during the period. Spire Wealth Management’s holdings in iShares MSCI USA Quality Factor ETF were worth $14,110,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. FMR LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 6.7% during the 3rd quarter. FMR LLC now owns 14,616,008 shares of the company’s stock valued at $1,926,244,000 after acquiring an additional 923,875 shares during the period. M&T Bank Corp increased its position in iShares MSCI USA Quality Factor ETF by 1.7% in the fourth quarter. M&T Bank Corp now owns 3,665,986 shares of the company’s stock worth $539,416,000 after buying an additional 59,771 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 12.1% in the third quarter. Ameriprise Financial Inc. now owns 3,226,172 shares of the company’s stock valued at $425,287,000 after buying an additional 349,044 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $337,131,000. Finally, Cerity Partners LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.1% during the 4th quarter. Cerity Partners LLC now owns 2,380,111 shares of the company’s stock worth $350,308,000 after acquiring an additional 49,521 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL traded up $1.82 during trading hours on Friday, hitting $159.19. The company’s stock had a trading volume of 1,411,118 shares. The business has a 50 day simple moving average of $160.94 and a two-hundred day simple moving average of $150.68. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The company has a market cap of $42.01 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

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.