ShoreHaven Wealth Partners LLC Increases Position in iShares MSCI USA Quality Factor ETF $QUAL

ShoreHaven Wealth Partners LLC increased its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 7.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 76,428 shares of the company’s stock after acquiring an additional 5,396 shares during the period. iShares MSCI USA Quality Factor ETF comprises 5.7% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 3rd largest position. ShoreHaven Wealth Partners LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $13,973,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Galvin Gaustad & Stein LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 2.6% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock worth $383,000 after acquiring an additional 54 shares in the last quarter. Global Financial Private Client LLC grew its stake in iShares MSCI USA Quality Factor ETF by 0.6% in the second quarter. Global Financial Private Client LLC now owns 10,696 shares of the company’s stock worth $1,955,000 after purchasing an additional 60 shares during the period. L. Roy Papp & Associates LLP grew its stake in iShares MSCI USA Quality Factor ETF by 2.5% in the second quarter. L. Roy Papp & Associates LLP now owns 2,461 shares of the company’s stock worth $450,000 after purchasing an additional 60 shares during the period. Acorn Wealth Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 0.4% in the first quarter. Acorn Wealth Advisors LLC now owns 14,431 shares of the company’s stock worth $2,466,000 after purchasing an additional 62 shares in the last quarter. Finally, Citizens National Bank Trust Department lifted its position in iShares MSCI USA Quality Factor ETF by 2.6% during the first quarter. Citizens National Bank Trust Department now owns 2,606 shares of the company’s stock valued at $445,000 after buying an additional 66 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 9.6%

Shares of QUAL stock opened at $193.56 on Friday. The company’s fifty day moving average price is $191.15 and its 200-day moving average price is $181.05. The stock has a market cap of $56.12 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12 month low of $148.34 and a 12 month 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.