Envestnet Portfolio Solutions Inc. Buys 11,653 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Envestnet Portfolio Solutions Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,218,965 shares of the company’s stock after purchasing an additional 11,653 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 1.9% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 10th largest position. Envestnet Portfolio Solutions Inc. owned about 1.22% of iShares MSCI USA Quality Factor ETF worth $573,233,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Financial Group Corp purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $533,000. Kestra Advisory Services LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 4.2% during the 4th quarter. Kestra Advisory Services LLC now owns 571,071 shares of the company’s stock worth $101,696,000 after purchasing an additional 23,262 shares during the period. Hughes Financial Services LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth $33,842,000. Madison Investment Advisors LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $1,453,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $471,000.

iShares MSCI USA Quality Factor ETF Trading Down 2.8 %

Shares of QUAL opened at $171.70 on Friday. iShares MSCI USA Quality Factor ETF has a twelve month low of $154.17 and a twelve month high of $187.26. The firm has a market capitalization of $48.74 billion, a P/E ratio of 26.45 and a beta of 1.04. The firm’s 50-day moving average is $180.67 and its two-hundred day moving average is $180.40.

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.