Smart Money Group LLC Invests $2 Million in iShares MSCI USA Quality Factor ETF $QUAL

Smart Money Group LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,288 shares of the company’s stock, valued at approximately $2,001,000. iShares MSCI USA Quality Factor ETF makes up approximately 0.6% of Smart Money Group LLC’s holdings, making the stock its 18th largest position.

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

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL opened at $204.86 on Monday. iShares MSCI USA Quality Factor ETF has a 1 year low of $148.34 and a 1 year high of $205.65. The company has a market cap of $59.40 billion, a P/E ratio of 25.59 and a beta of 1.05. The stock’s fifty day moving average price is $202.38 and its 200-day moving average price is $196.87.

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.