WealthPoint Financial LLC purchased a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,176 shares of the company’s stock, valued at approximately $2,021,000. iShares MSCI USA Quality Factor ETF makes up approximately 1.8% of WealthPoint Financial LLC’s investment portfolio, making the stock its 18th largest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Advocate Investing Services LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $25,000. Resources Management Corp CT ADV acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $27,000. Financial Life Planners acquired a new stake in iShares MSCI USA Quality Factor ETF in the third quarter valued at approximately $28,000. Ares Financial Consulting LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter worth approximately $30,000. Finally, Cornerstone Financial Management LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter worth approximately $30,000.
iShares MSCI USA Quality Factor ETF Stock Up 0.7%
BATS QUAL opened at $215.89 on Friday. iShares MSCI USA Quality Factor ETF has a 52 week low of $175.20 and a 52 week high of $219.82. The stock has a market capitalization of $62.60 billion, a PE ratio of 25.59 and a beta of 1.05. The firm has a 50 day moving average of $210.49 and a two-hundred day moving average of $203.56.
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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.
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