SFG Wealth Management LLC. Invests $211,000 in iShares MSCI USA Quality Factor ETF $QUAL

SFG Wealth Management LLC. bought a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,156 shares of the company’s stock, valued at approximately $211,000.

Several other hedge funds have also modified their holdings of the stock. Harbour Investments Inc. boosted its position in shares of iShares MSCI USA Quality Factor ETF by 9.5% in the 2nd quarter. Harbour Investments Inc. now owns 48,539 shares of the company’s stock valued at $8,874,000 after purchasing an additional 4,200 shares during the period. Davidson Trust Co. raised its holdings in iShares MSCI USA Quality Factor ETF by 11.5% during the 2nd quarter. Davidson Trust Co. now owns 3,086 shares of the company’s stock worth $564,000 after buying an additional 318 shares during the period. Cypress Wealth Services LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 5.1% during the second quarter. Cypress Wealth Services LLC now owns 132,456 shares of the company’s stock valued at $24,216,000 after buying an additional 6,470 shares in the last quarter. Sagespring Wealth Partners LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.0% in the second quarter. Sagespring Wealth Partners LLC now owns 393,038 shares of the company’s stock worth $71,855,000 after buying an additional 25,830 shares during the period. Finally, IFC Advisors LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the second quarter worth about $265,000.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL stock opened at $193.04 on Wednesday. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26. The company’s 50 day simple moving average is $190.67 and its 200-day simple moving average is $180.72. The firm has a market capitalization of $55.97 billion, a P/E ratio of 25.59 and a beta of 1.05.

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.