State of Michigan Retirement System Raises Holdings in iShares MSCI USA Quality Factor ETF $QUAL

State of Michigan Retirement System lifted its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 32.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,549 shares of the company’s stock after purchasing an additional 79,500 shares during the period. State of Michigan Retirement System owned about 0.11% of iShares MSCI USA Quality Factor ETF worth $62,252,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of QUAL. Bedel Financial Consulting Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.4% in the first quarter. Bedel Financial Consulting Inc. now owns 17,902 shares of the company’s stock worth $3,434,000 after acquiring an additional 255 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 52.1% during the first quarter. Chicago Partners Investment Group LLC now owns 18,550 shares of the company’s stock valued at $3,843,000 after acquiring an additional 6,357 shares during the last quarter. Team Financial Group LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 9.5% during the first quarter. Team Financial Group LLC now owns 1,133 shares of the company’s stock valued at $217,000 after acquiring an additional 98 shares during the last quarter. Uptick Partners LLC increased its position in iShares MSCI USA Quality Factor ETF by 32.5% during the 1st quarter. Uptick Partners LLC now owns 10,331 shares of the company’s stock worth $1,982,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Procyon Advisors LLC increased its position in iShares MSCI USA Quality Factor ETF by 21.7% during the 1st quarter. Procyon Advisors LLC now owns 4,090 shares of the company’s stock worth $784,000 after purchasing an additional 729 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Down 0.5%

Shares of QUAL stock opened at $218.65 on Tuesday. The company has a market capitalization of $63.40 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The firm has a 50-day moving average price of $214.69 and a 200 day moving average price of $205.71. iShares MSCI USA Quality Factor ETF has a twelve month low of $181.55 and a twelve month high of $220.24.

iShares MSCI USA Quality Factor ETF Company 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.