Elevate Capital Advisors LLC Buys 6,344 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Elevate Capital Advisors LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 67.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,795 shares of the company’s stock after purchasing an additional 6,344 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 2.3% of Elevate Capital Advisors LLC’s portfolio, making the stock its 12th biggest position. Elevate Capital Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Apexium Financial LP raised its stake in iShares MSCI USA Quality Factor ETF by 7.2% in the 2nd quarter. Apexium Financial LP now owns 236,887 shares of the company’s stock worth $43,308,000 after acquiring an additional 15,901 shares during the last quarter. QRG Capital Management Inc. raised its stake in iShares MSCI USA Quality Factor ETF by 1.4% in the 2nd quarter. QRG Capital Management Inc. now owns 8,371 shares of the company’s stock worth $1,530,000 after acquiring an additional 115 shares during the last quarter. Single Point Partners LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter worth $209,000. Fairvoy Private Wealth LLC raised its stake in iShares MSCI USA Quality Factor ETF by 0.9% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 9,938 shares of the company’s stock worth $1,817,000 after acquiring an additional 92 shares during the last quarter. Finally, Ascent Group LLC raised its stake in iShares MSCI USA Quality Factor ETF by 4.1% in the 2nd quarter. Ascent Group LLC now owns 258,158 shares of the company’s stock worth $47,197,000 after acquiring an additional 10,204 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS QUAL opened at $196.47 on Friday. The stock has a 50-day simple moving average of $189.31 and a two-hundred day simple moving average of $179.59. The firm has a market capitalization of $56.97 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26.

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.