Royal Bank of Canada Raises Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Royal Bank of Canada grew its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,777,079 shares of the company’s stock after acquiring an additional 49,616 shares during the quarter. Royal Bank of Canada owned about 0.61% of iShares MSCI USA Quality Factor ETF worth $340,861,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MML Investors Services LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 1.3% in the second quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock valued at $631,514,000 after buying an additional 44,285 shares during the period. Facet Wealth Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 9.9% during the fourth quarter. Facet Wealth Inc. now owns 2,888,100 shares of the company’s stock worth $589,952,000 after buying an additional 259,414 shares during the period. Focus Partners Wealth increased its position in shares of iShares MSCI USA Quality Factor ETF by 11.2% in the fourth quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock worth $474,097,000 after acquiring an additional 240,881 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF by 3.1% in the third quarter. Raymond James Financial Inc. now owns 2,040,575 shares of the company’s stock worth $396,892,000 after acquiring an additional 62,154 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in shares of iShares MSCI USA Quality Factor ETF by 99.7% in the third quarter. Two Sigma Investments LP now owns 1,931,800 shares of the company’s stock worth $375,735,000 after acquiring an additional 964,500 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Down 1.1%

Shares of QUAL stock opened at $215.98 on Thursday. The company has a market cap of $62.62 billion, a PE ratio of 25.59 and a beta of 1.05. The company’s fifty day simple moving average is $216.48 and its 200-day simple moving average is $207.16. iShares MSCI USA Quality Factor ETF has a 52 week low of $181.65 and a 52 week high of $221.16.

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.