MeadowBrook Investment Advisors LLC Purchases New Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

MeadowBrook Investment Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,016 shares of the company’s stock, valued at approximately $181,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Financial Group raised its holdings in iShares MSCI USA Quality Factor ETF by 6.4% during the 4th quarter. Beacon Financial Group now owns 54,250 shares of the company’s stock valued at $9,661,000 after buying an additional 3,251 shares during the last quarter. Authentikos Wealth Advisory LLC increased its position in iShares MSCI USA Quality Factor ETF by 8.5% during the 4th quarter. Authentikos Wealth Advisory LLC now owns 1,701 shares of the company’s stock valued at $303,000 after purchasing an additional 133 shares during the period. Ridgeline Wealth Planning LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $7,022,000. Leavell Investment Management Inc. increased its position in iShares MSCI USA Quality Factor ETF by 6.1% during the 4th quarter. Leavell Investment Management Inc. now owns 35,815 shares of the company’s stock valued at $6,378,000 after purchasing an additional 2,048 shares during the period. Finally, Guided Capital Wealth Management LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $10,444,000.

iShares MSCI USA Quality Factor ETF Trading Up 4.4 %

Shares of iShares MSCI USA Quality Factor ETF stock opened at $184.38 on Wednesday. The company’s fifty day simple moving average is $181.90 and its two-hundred day simple moving average is $179.03. The company has a market cap of $48.66 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63.

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.