Concorde Asset Management LLC Increases Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Concorde Asset Management LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 7.0% in the third quarter, Holdings Channel reports. The firm owned 18,622 shares of the company’s stock after acquiring an additional 1,225 shares during the period. iShares MSCI USA Quality Factor ETF makes up 1.9% of Concorde Asset Management LLC’s portfolio, making the stock its 14th biggest position. Concorde Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in iShares MSCI USA Quality Factor ETF by 389.4% in the 1st quarter. BNP Paribas Financial Markets now owns 788 shares of the company’s stock valued at $130,000 after buying an additional 627 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 169.3% in the 1st quarter. Bessemer Group Inc. now owns 2,418 shares of the company’s stock valued at $396,000 after purchasing an additional 1,520 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 218.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 8,118 shares of the company’s stock valued at $1,334,000 after purchasing an additional 5,568 shares in the last quarter. Linscomb Wealth Inc. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 17.9% in the 1st quarter. Linscomb Wealth Inc. now owns 1,900 shares of the company’s stock valued at $312,000 after purchasing an additional 288 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 16.4% in the 1st quarter. Kestra Advisory Services LLC now owns 492,753 shares of the company’s stock valued at $80,984,000 after purchasing an additional 69,586 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $182.08 on Friday. The firm has a market cap of $48.05 billion, a PE ratio of 23.03 and a beta of 1.03. The firm’s 50-day simple moving average is $179.92 and its 200-day simple moving average is $173.66. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63.

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.