Renaissance Technologies LLC Purchases New Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Renaissance Technologies LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,800 shares of the company’s stock, valued at approximately $1,161,000.

Several other hedge funds also recently modified their holdings of QUAL. Provident Investment Management Inc. increased its holdings in iShares MSCI USA Quality Factor ETF by 5.8% during the 2nd quarter. Provident Investment Management Inc. now owns 11,142 shares of the company’s stock valued at $1,903,000 after purchasing an additional 614 shares in the last quarter. American Trust acquired a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $21,979,000. Scarborough Advisors LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 1,460.0% during the 4th quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock worth $143,242,000 after acquiring an additional 911,104 shares during the last quarter. Brookstone Capital Management increased its position in iShares MSCI USA Quality Factor ETF by 13.3% in the 1st quarter. Brookstone Capital Management now owns 133,416 shares of the company’s stock valued at $21,927,000 after acquiring an additional 15,705 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its position in iShares MSCI USA Quality Factor ETF by 26.8% in the 2nd quarter. Calamos Wealth Management LLC now owns 1,727 shares of the company’s stock valued at $295,000 after acquiring an additional 365 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 0.5 %

Shares of QUAL stock opened at $179.21 on Friday. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63. The firm’s 50 day moving average is $174.36 and its 200-day moving average is $168.97. The firm has a market capitalization of $47.29 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

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.