Aspen Wealth Management LLC Purchases 11,719 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Aspen Wealth Management LLC raised its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 256,465 shares of the company’s stock after acquiring an additional 11,719 shares during the period. iShares MSCI USA Quality Factor ETF accounts for about 9.2% of Aspen Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Aspen Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $56,997,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in QUAL. Bank of America Corp DE increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 36.9% during the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after buying an additional 2,357,971 shares during the last quarter. Orgel Wealth Management LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 2nd quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock valued at $736,892,000 after buying an additional 65,534 shares during the period. Facet Wealth Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 11.3% during the 2nd quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock valued at $724,159,000 after buying an additional 334,234 shares during the period. Royal Bank of Canada lifted its holdings in iShares MSCI USA Quality Factor ETF by 2.9% in the first quarter. Royal Bank of Canada now owns 1,777,079 shares of the company’s stock valued at $340,861,000 after acquiring an additional 49,616 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in iShares MSCI USA Quality Factor ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 1,574,045 shares of the company’s stock valued at $301,918,000 after acquiring an additional 43,742 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL traded down $1.26 during trading hours on Wednesday, reaching $225.83. The company’s stock had a trading volume of 296,763 shares, compared to its average volume of 1,569,128. The stock has a market cap of $65.48 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $185.88 and a fifty-two week high of $228.13. The business’s 50-day moving average is $223.34 and its 200-day moving average is $215.50.

Shares of iShares MSCI USA Quality Factor ETF are scheduled to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

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.