Wealth Alliance Grows Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Wealth Alliance grew its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,552 shares of the company’s stock after buying an additional 3,124 shares during the period. iShares MSCI USA Quality Factor ETF accounts for about 2.1% of Wealth Alliance’s investment portfolio, making the stock its 7th biggest holding. Wealth Alliance’s holdings in iShares MSCI USA Quality Factor ETF were worth $16,146,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Axxcess Wealth Management LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 163.9% during the second quarter. Axxcess Wealth Management LLC now owns 21,423 shares of the company’s stock worth $3,658,000 after purchasing an additional 13,305 shares in the last quarter. Perennial Investment Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 3.7% during the second quarter. Perennial Investment Advisors LLC now owns 10,820 shares of the company’s stock worth $1,848,000 after purchasing an additional 390 shares in the last quarter. Frisch Financial Group Inc. bought a new stake in iShares MSCI USA Quality Factor ETF during the second quarter worth approximately $206,000. Alpha Financial Partners LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 9.4% during the second quarter. Alpha Financial Partners LLC now owns 3,854 shares of the company’s stock worth $658,000 after purchasing an additional 331 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in iShares MSCI USA Quality Factor ETF during the second quarter worth approximately $803,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL opened at $177.14 on Wednesday. iShares MSCI USA Quality Factor ETF has a 12 month low of $71.96 and a 12 month high of $88.63. The stock has a market cap of $46.75 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The stock’s 50 day moving average price is $172.73 and its 200 day moving average price is $167.53.

iShares MSCI USA Quality Factor ETF 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.