Merit Financial Group LLC Buys 141,871 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Merit Financial Group LLC increased its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 27.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 654,157 shares of the company’s stock after purchasing an additional 141,871 shares during the period. iShares MSCI USA Quality Factor ETF accounts for 1.3% of Merit Financial Group LLC’s portfolio, making the stock its 14th largest holding. Merit Financial Group LLC owned about 0.23% of iShares MSCI USA Quality Factor ETF worth $119,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 84.2% during the first quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock worth $30,000 after acquiring an additional 80 shares during the last quarter. CX Institutional increased its position in iShares MSCI USA Quality Factor ETF by 151.9% in the second quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after purchasing an additional 123 shares during the period. Legacy Wealth Managment LLC ID bought a new stake in iShares MSCI USA Quality Factor ETF during the 1st quarter worth about $37,000. BankPlus Trust Department raised its holdings in iShares MSCI USA Quality Factor ETF by 58.4% during the 1st quarter. BankPlus Trust Department now owns 244 shares of the company’s stock worth $42,000 after purchasing an additional 90 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the 1st quarter valued at about $43,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL opened at $196.47 on Friday. The stock has a market cap of $56.97 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The company has a 50 day moving average of $189.31 and a 200-day moving average of $179.63. iShares MSCI USA Quality Factor ETF has a one year low of $148.34 and a one year high of $187.26.

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.