Pettinga Financial Advisors LLC Acquires 8,647 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Pettinga Financial Advisors LLC grew its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,472 shares of the company’s stock after purchasing an additional 8,647 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 6.6% of Pettinga Financial Advisors LLC’s holdings, making the stock its 2nd largest position. Pettinga Financial Advisors LLC owned approximately 0.06% of iShares MSCI USA Quality Factor ETF worth $26,045,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in iShares MSCI USA Quality Factor ETF by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock worth $3,936,223,000 after purchasing an additional 744,380 shares during the last quarter. UBS Group AG increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 4.9% during the 4th quarter. UBS Group AG now owns 4,276,029 shares of the company’s stock valued at $629,175,000 after acquiring an additional 200,655 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock valued at $571,931,000 after acquiring an additional 897,256 shares during the last quarter. M&T Bank Corp increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.7% during the 4th quarter. M&T Bank Corp now owns 3,665,986 shares of the company’s stock valued at $539,416,000 after acquiring an additional 59,771 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,226,172 shares of the company’s stock valued at $425,287,000 after acquiring an additional 349,044 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $170.76 on Monday. The business’s 50-day simple moving average is $165.56 and its 200-day simple moving average is $159.11. The firm has a market cap of $45.06 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63.

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.