49 Wealth Management LLC Buys 67,967 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

49 Wealth Management LLC grew its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 38.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,014 shares of the company’s stock after acquiring an additional 67,967 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 7.1% of 49 Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. 49 Wealth Management LLC owned about 0.09% of iShares MSCI USA Quality Factor ETF worth $43,752,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Halpern Financial Inc. acquired a new stake in iShares MSCI USA Quality Factor ETF during the third quarter worth about $26,000. Barrett & Company Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $27,000. Voisard Asset Management Group Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at approximately $27,000. OLD Second National Bank of Aurora acquired a new position in iShares MSCI USA Quality Factor ETF in the third quarter valued at approximately $27,000. Finally, Centennial Bank AR purchased a new position in iShares MSCI USA Quality Factor ETF in the third quarter worth approximately $29,000.

iShares MSCI USA Quality Factor ETF Stock Up 0.7 %

QUAL stock opened at $182.08 on Friday. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The stock has a market cap of $48.05 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The business has a fifty day moving average of $179.92 and a two-hundred day moving average of $173.66.

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.