Kestra Investment Management LLC Invests $77.46 Million in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Kestra Investment Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 453,638 shares of the company’s stock, valued at approximately $77,463,000. iShares MSCI USA Quality Factor ETF comprises approximately 5.3% of Kestra Investment Management LLC’s portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Provident Investment Management Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 5.8% in the second quarter. Provident Investment Management Inc. now owns 11,142 shares of the company’s stock valued at $1,903,000 after acquiring an additional 614 shares during the last quarter. American Trust acquired a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $21,979,000. Cetera Advisor Networks LLC increased its stake in iShares MSCI USA Quality Factor ETF by 8.3% in the fourth quarter. Cetera Advisor Networks LLC now owns 476,934 shares of the company’s stock valued at $70,176,000 after purchasing an additional 36,469 shares during the period. Scarborough Advisors LLC increased its stake in iShares MSCI USA Quality Factor ETF by 1,460.0% in the fourth quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock valued at $143,242,000 after purchasing an additional 911,104 shares during the period. Finally, Brookstone Capital Management increased its stake in iShares MSCI USA Quality Factor ETF by 13.3% in the first quarter. Brookstone Capital Management now owns 133,416 shares of the company’s stock valued at $21,927,000 after purchasing an additional 15,705 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS QUAL opened at $179.19 on Tuesday. The firm has a market cap of $47.29 billion, a PE ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The firm’s fifty day moving average is $173.62 and its two-hundred day moving average is $168.56.

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.