Tobias Financial Advisors Inc. Buys 2,599 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Tobias Financial Advisors Inc. lifted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 100,935 shares of the company’s stock after acquiring an additional 2,599 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 3.0% of Tobias Financial Advisors Inc.’s investment portfolio, making the stock its 10th biggest position. Tobias Financial Advisors Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $19,632,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Keener Financial Planning LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the second quarter valued at $29,000. CoreFirst Bank & Trust purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the second quarter worth about $33,000. First Horizon Corp acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth about $36,000. Phillips Financial Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $39,000. Finally, CX Institutional boosted its position in shares of iShares MSCI USA Quality Factor ETF by 151.9% in the 2nd quarter. CX Institutional now owns 204 shares of the company’s stock valued at $37,000 after purchasing an additional 123 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Up 15.6%

BATS:QUAL opened at $204.15 on Wednesday. The stock’s 50 day moving average price is $199.70 and its 200 day moving average price is $193.96. The company has a market capitalization of $59.19 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.