Ellis Investment Partners LLC Has $2.03 Million Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Ellis Investment Partners LLC grew its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 43.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,304 shares of the company’s stock after buying an additional 3,413 shares during the quarter. Ellis Investment Partners LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock worth $4,787,771,000 after purchasing an additional 999,735 shares during the last quarter. LPL Financial LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 5.6% in the second quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock valued at $2,352,213,000 after acquiring an additional 727,760 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 21.9% in the second quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock valued at $821,412,000 after acquiring an additional 863,219 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 5.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock valued at $530,462,000 after acquiring an additional 172,340 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in iShares MSCI USA Quality Factor ETF by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock valued at $405,113,000 after acquiring an additional 73,653 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL stock traded up $0.04 during trading hours on Friday, reaching $179.76. The stock had a trading volume of 578,511 shares. The stock has a market capitalization of $47.44 billion, a PE ratio of 23.03 and a beta of 1.03. The stock has a 50-day simple moving average of $177.94 and a 200 day simple moving average of $170.79. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $71.96 and a fifty-two 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.