Shum Financial Group Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 29,043 shares of the company’s stock, valued at approximately $5,293,000. iShares MSCI USA Quality Factor ETF comprises 4.4% of Shum Financial Group Inc.’s portfolio, making the stock its 2nd largest holding.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. D.A. Davidson & CO. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 3.6% during the 3rd quarter. D.A. Davidson & CO. now owns 477,920 shares of the company’s stock valued at $85,691,000 after purchasing an additional 16,466 shares in the last quarter. FMR LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 7.9% during the 3rd quarter. FMR LLC now owns 15,848,761 shares of the company’s stock worth $2,841,683,000 after buying an additional 1,160,410 shares during the period. Elios Financial Group Inc. bought a new position in iShares MSCI USA Quality Factor ETF in the third quarter valued at approximately $1,788,000. Bank of Montreal Can boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 20.5% in the third quarter. Bank of Montreal Can now owns 24,777 shares of the company’s stock valued at $4,427,000 after buying an additional 4,215 shares during the period. Finally, Associated Banc Corp bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth $202,000.
iShares MSCI USA Quality Factor ETF Stock Up 0.5 %
Shares of BATS:QUAL traded up $1.00 during midday trading on Tuesday, reaching $183.75. 2,910,569 shares of the company were exchanged. The stock has a fifty day simple moving average of $180.29 and a two-hundred day simple moving average of $174.19. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $71.96 and a fifty-two week high of $88.63. The firm has a market cap of $48.49 billion, a PE ratio of 23.03 and a beta of 1.03.
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.
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