Financial Enhancement Group LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 54.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,997 shares of the company’s stock after purchasing an additional 14,873 shares during the period. Financial Enhancement Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,690,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Advocate Investing Services LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $25,000. Resources Management Corp CT ADV bought a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $27,000. Financial Life Planners bought a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth about $28,000. Ares Financial Consulting LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at approximately $30,000. Finally, Cornerstone Financial Management LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at approximately $30,000.
iShares MSCI USA Quality Factor ETF Stock Performance
BATS QUAL opened at $213.19 on Thursday. The stock has a market capitalization of $61.81 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The stock’s 50 day moving average price is $211.65 and its two-hundred day moving average price is $204.01. iShares MSCI USA Quality Factor ETF has a 52 week low of $179.01 and a 52 week high of $219.82.
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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.
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