PMG Wealth Management Inc. grew its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,960 shares of the company’s stock after buying an additional 2,512 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for 6.4% of PMG Wealth Management Inc.’s holdings, making the stock its 3rd largest holding. PMG Wealth Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,816,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Advocate Investing Services LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $25,000. Resources Management Corp CT ADV purchased a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at about $27,000. Financial Life Planners bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $28,000. Ares Financial Consulting LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $30,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth approximately $30,000.
iShares MSCI USA Quality Factor ETF Stock Performance
Shares of QUAL opened at $213.01 on Wednesday. The company has a 50 day moving average price of $211.41 and a 200-day moving average price of $203.91. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $178.46 and a fifty-two week high of $219.82. The stock has a market capitalization of $61.76 billion, a PE ratio of 25.59 and a beta of 1.05.
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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.
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