Strategic Point Investment Advisors LLC Boosts Stake in iShares MSCI USA Quality Factor ETF $QUAL

Strategic Point Investment Advisors LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,851 shares of the company’s stock after buying an additional 684 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for 2.9% of Strategic Point Investment Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Strategic Point Investment Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $18,803,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sovereign Financial Group Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 1.6% during the 2nd quarter. Sovereign Financial Group Inc. now owns 13,214 shares of the company’s stock valued at $2,416,000 after buying an additional 202 shares in the last quarter. Tranquility Partners LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 1.7% during the 2nd quarter. Tranquility Partners LLC now owns 11,617 shares of the company’s stock valued at $2,124,000 after buying an additional 190 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 10.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 70,334 shares of the company’s stock valued at $12,858,000 after buying an additional 6,478 shares in the last quarter. Apollon Financial LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 6.5% during the 2nd quarter. Apollon Financial LLC now owns 27,136 shares of the company’s stock valued at $4,961,000 after buying an additional 1,654 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 264,863 shares of the company’s stock valued at $48,422,000 after buying an additional 5,208 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 8.1%

Shares of BATS:QUAL opened at $190.99 on Friday. The stock has a market cap of $55.38 billion, a PE ratio of 25.59 and a beta of 1.05. The company’s fifty day moving average is $190.33 and its 200 day moving average is $180.41. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26.

About iShares MSCI USA Quality Factor ETF

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.