Hughes Financial Services LLC Makes New Investment in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Hughes Financial Services LLC acquired a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 190,036 shares of the company’s stock, valued at approximately $33,842,000. iShares MSCI USA Quality Factor ETF makes up about 7.0% of Hughes Financial Services LLC’s holdings, making the stock its 5th biggest position.

A number of other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 7.9% in the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock valued at $2,841,683,000 after buying an additional 1,160,410 shares in the last quarter. LPL Financial LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock valued at $2,640,340,000 after purchasing an additional 950,857 shares during the period. M&T Bank Corp boosted its holdings in iShares MSCI USA Quality Factor ETF by 0.7% in the third quarter. M&T Bank Corp now owns 4,050,192 shares of the company’s stock valued at $726,199,000 after purchasing an additional 28,147 shares during the period. Keybank National Association OH boosted its holdings in iShares MSCI USA Quality Factor ETF by 1.7% in the fourth quarter. Keybank National Association OH now owns 3,964,384 shares of the company’s stock valued at $705,977,000 after purchasing an additional 64,819 shares during the period. Finally, MML Investors Services LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 6.3% in the third quarter. MML Investors Services LLC now owns 2,859,647 shares of the company’s stock valued at $512,735,000 after purchasing an additional 170,321 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Down 4.9 %

BATS:QUAL opened at $168.03 on Friday. The firm has a market cap of $46.66 billion, a PE ratio of 28.36 and a beta of 1.04. The stock has a fifty day moving average price of $180.79 and a 200 day moving average price of $180.42. iShares MSCI USA Quality Factor ETF has a 12-month low of $154.17 and a 12-month high of $187.26.

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.