Factor Wealth Management LTD Acquires Shares of 2,372 iShares MSCI USA Quality Factor ETF $QUAL

Factor Wealth Management LTD acquired a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the second quarter, HoldingsChannel.com reports. The fund acquired 2,372 shares of the company’s stock, valued at approximately $520,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in QUAL. Advocate Investing Services LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $25,000. Resources Management Corp CT ADV acquired a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $27,000. Financial Life Planners bought a new position in iShares MSCI USA Quality Factor ETF during the first quarter worth $28,000. Ares Financial Consulting LLC bought a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth $30,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $30,000.

iShares MSCI USA Quality Factor ETF Price Performance

BATS:QUAL opened at $224.97 on Friday. The company has a market cap of $65.23 billion, a P/E ratio of 25.59 and a beta of 1.05. The firm’s fifty day moving average price is $217.40 and its two-hundred day moving average price is $207.96. iShares MSCI USA Quality Factor ETF has a one year low of $183.28 and a one year high of $227.16.

iShares MSCI USA Quality Factor ETF 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.