Fortis Capital Management LLC Buys 73 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Fortis Capital Management LLC raised its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,421 shares of the company’s stock after purchasing an additional 73 shares during the quarter. Fortis Capital Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $4,379,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QUAL. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock valued at $4,787,771,000 after buying an additional 999,735 shares in the last quarter. LPL Financial LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 5.6% during the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock worth $2,352,213,000 after purchasing an additional 727,760 shares during the period. Ameriprise Financial Inc. raised its position in iShares MSCI USA Quality Factor ETF by 21.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock valued at $821,412,000 after purchasing an additional 863,219 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in iShares MSCI USA Quality Factor ETF by 5.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock valued at $530,462,000 after purchasing an additional 172,340 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of iShares MSCI USA Quality Factor ETF by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock worth $405,113,000 after buying an additional 73,653 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

BATS:QUAL opened at $183.62 on Thursday. The company has a 50-day moving average of $178.93 and a 200 day moving average of $172.78. iShares MSCI USA Quality Factor ETF has a 1-year low of $71.96 and a 1-year high of $88.63. The firm has a market cap of $48.46 billion, a PE ratio of 23.03 and a beta of 1.03.

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.