Daviman Financial LLC Invests $4.93 Million in iShares MSCI USA Quality Factor ETF $QUAL

Daviman Financial LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,830 shares of the company’s stock, valued at approximately $4,932,000. iShares MSCI USA Quality Factor ETF comprises about 2.9% of Daviman Financial LLC’s holdings, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $25,000. Financial Life Planners acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $28,000. Ares Financial Consulting LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $30,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $32,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $39,000.

iShares MSCI USA Quality Factor ETF Stock Performance

iShares MSCI USA Quality Factor ETF stock opened at $214.38 on Friday. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $173.00 and a fifty-two week high of $215.03. The firm has a 50 day moving average price of $201.97 and a 200 day moving average price of $200.70. The company has a market capitalization of $62.16 billion, a PE ratio of 25.59 and a beta of 1.05.

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.