iShares Trust - iShares MSCI USA Quality Factor ETF
US ˙ BATS ˙ US46432F3394

SecurityQUAL / iShares Trust - iShares MSCI USA Quality Factor ETF
InstitutionHoward Financial Services, Ltd.
Latest Disclosed Ownership502,864 shares
Latest Disclosed Value $ 96,454,296
Howard Financial Services, Ltd. reports 0.96% decrease in ownership of QUAL / iShares Trust - iShares MSCI USA Quality Factor ETF

On April 7, 2026 - Howard Financial Services, Ltd. filed a 13F-HR form disclosing ownership of 502,864 shares of iShares Trust - iShares MSCI USA Quality Factor ETF (US:QUAL) valued at $96,454,344 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 12, 2026 disclosing 507,751 shares of iShares Trust - iShares MSCI USA Quality Factor ETF. This represents a change in shares of -0.96% during the quarter. The current value of the position is $109,287,433 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-07 2026-03-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 502,864 -4,887 -0.96 96,454 -4.36 10.8614
2026-01-12 2025-12-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 507,751 2,581 0.51 100,850 2.64 11.7933
2025-10-23 2025-09-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 505,170 8,224 1.65 98,256 8.15 12.0213
2025-07-02 2025-06-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 496,946 12,244 2.53 90,852 9.68 11.9439
2025-04-07 2025-03-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 484,702 29,747 6.54 82,831 2.24 11.2788
2025-01-15 2024-12-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 454,955 17,186 3.93 81,018 3.22 11.0210
2024-10-08 2024-09-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 437,769 52,269 13.56 78,492 19.24 11.3345
2024-07-12 2024-06-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 385,500 16,460 4.46 65,828 8.54 10.7876
2024-04-16 2024-03-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 369,040 -1,795 -0.48 60,652 11.16 10.4475
2024-01-09 2023-12-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 370,835 34,948 10.40 54,565 23.26 10.5188
2023-10-10 2023-09-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 335,887 1,247 0.37 44,267 -1.92 10.1492
2023-07-12 2023-06-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 334,640 -12,135 -3.50 45,133 4.90 10.7682
2023-04-05 2023-03-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 346,775 -9,588 -2.69 43,023 5.94 10.4817
2023-01-13 2022-12-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 356,363 -20,593 -5.46 40,611 3.65 10.6669
2022-10-12 2022-09-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 376,956 8,254 2.24 39,181 -4.89 12.7011
2022-07-18 2022-06-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 368,702 7,118 1.97 41,195 -15.38 13.9888
2022-04-20 2022-03-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 361,584 40,042 12.45 48,680 4.01 14.4184
2022-01-27 2021-12-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 321,542 36,076 12.64 46,804 24.47 14.0382
2021-11-01 2021-09-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 285,466 24,876 9.55 37,604 8.60 14.0988
2021-08-06 2021-06-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 260,590 33,022 14.51 34,625 24.94 13.5679
2021-05-03 2021-03-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 227,568 50,020 28.17 27,713 34.31 12.4472
2021-02-02 2020-12-31 13F ISHARES TR MSCI USA QLT FCT 46432F339 177,548 50,823 40.10 20,633 56.95 10.8713
2020-11-12 2020-09-30 13F ISHARES TR MSCI USA QLT FCT 46432F339 126,725 30,467 31.65 13,146 42.38 8.4954
2020-07-29 2020-06-30 13F ISHARES TR USA QUALITY FCTR 46432F339 96,258 75,770 369.83 9,233 456.20 6.5592
2020-05-05 2020-03-31 13F ISHARES TR USA QUALITY FCTR 46432F339 20,488 18,170 783.87 1,660 609.40 1.4685
2020-01-27 2019-12-31 13F ISHARES TR USA QUALITY FCTR 46432F339 2,318 2,318 234 0.1439
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.