Pinnacle Associates Ltd. Grows Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Pinnacle Associates Ltd. grew its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 428,191 shares of the company’s stock after acquiring an additional 2,971 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises about 1.1% of Pinnacle Associates Ltd.’s holdings, making the stock its 16th largest position. Pinnacle Associates Ltd. owned 0.15% of iShares MSCI USA Quality Factor ETF worth $83,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Avantra Family Wealth Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $1,493,000. Dynasty Wealth Management LLC boosted its position in iShares MSCI USA Quality Factor ETF by 18.3% during the 3rd quarter. Dynasty Wealth Management LLC now owns 582,095 shares of the company’s stock worth $113,218,000 after purchasing an additional 90,195 shares during the period. Walkner Condon Financial Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter worth $213,000. Cabot Wealth Management Inc. increased its holdings in iShares MSCI USA Quality Factor ETF by 8.7% in the 3rd quarter. Cabot Wealth Management Inc. now owns 42,044 shares of the company’s stock valued at $8,177,000 after purchasing an additional 3,369 shares in the last quarter. Finally, Insight Inv LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $1,016,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $198.66 on Friday. The stock’s 50-day moving average is $202.53 and its two-hundred day moving average is $197.30. The stock has a market cap of $57.60 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12 month low of $148.34 and a 12 month high of $205.65.

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.