Miracle Mile Advisors LLC Has $176.15 Million Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Miracle Mile Advisors LLC raised its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 32.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,071,780 shares of the company’s stock after purchasing an additional 265,441 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 4.4% of Miracle Mile Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Miracle Mile Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $176,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QUAL. Bedel Financial Consulting Inc. boosted its stake in iShares MSCI USA Quality Factor ETF by 0.3% during the 4th quarter. Bedel Financial Consulting Inc. now owns 20,451 shares of the company’s stock valued at $3,009,000 after purchasing an additional 65 shares during the last quarter. Integrated Advisors Network LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 0.9% in the 4th quarter. Integrated Advisors Network LLC now owns 7,545 shares of the company’s stock worth $1,110,000 after buying an additional 66 shares in the last quarter. NBC Securities Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 27.2% during the 1st quarter. NBC Securities Inc. now owns 309 shares of the company’s stock valued at $51,000 after acquiring an additional 66 shares during the period. Carolinas Wealth Consulting LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 2.9% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 2,371 shares of the company’s stock valued at $349,000 after acquiring an additional 67 shares during the period. Finally, JNBA Financial Advisors boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.0% during the 4th quarter. JNBA Financial Advisors now owns 563 shares of the company’s stock valued at $83,000 after acquiring an additional 69 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 0.6 %

QUAL traded down $0.98 during trading on Monday, hitting $170.76. The company’s stock had a trading volume of 1,007,535 shares. The firm has a market cap of $45.06 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 business’s 50 day simple moving average is $165.56 and its 200-day simple moving average is $159.11.

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.