Founders Financial Securities LLC Acquires 16,856 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Founders Financial Securities LLC increased its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 86.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,358 shares of the company’s stock after acquiring an additional 16,856 shares during the period. Founders Financial Securities LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,080,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in QUAL. Bank of America Corp DE grew its stake in shares of iShares MSCI USA Quality Factor ETF by 36.9% during the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after purchasing an additional 2,357,971 shares in the last quarter. Orgel Wealth Management LLC increased its position in iShares MSCI USA Quality Factor ETF by 2.0% during the second quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock worth $736,892,000 after buying an additional 65,534 shares during the period. Facet Wealth Inc. raised its position in iShares MSCI USA Quality Factor ETF by 11.3% in the 2nd quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock valued at $724,159,000 after purchasing an additional 334,234 shares during the last quarter. Royal Bank of Canada increased its stake in iShares MSCI USA Quality Factor ETF by 2.9% in the first quarter. Royal Bank of Canada now owns 1,777,079 shares of the company’s stock valued at $340,861,000 after purchasing an additional 49,616 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 1,574,045 shares of the company’s stock valued at $301,918,000 after buying an additional 43,742 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $224.71 on Friday. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $185.88 and a fifty-two week high of $228.13. The company has a market capitalization of $65.15 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The firm has a 50-day simple moving average of $223.26 and a 200-day simple moving average of $212.46.

iShares MSCI USA Quality Factor ETF shares are going to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

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