Modern Wealth Management LLC Increases Stake in iShares MSCI USA Quality Factor ETF $QUAL

Modern Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 59.4% during the third quarter, Holdings Channel reports. The firm owned 511,164 shares of the company’s stock after acquiring an additional 190,460 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 2.0% of Modern Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Modern Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $99,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avantra Family Wealth Inc. purchased a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $1,493,000. Dynasty Wealth Management LLC lifted its position in shares of 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 worth $113,218,000 after purchasing an additional 90,195 shares during the period. Walkner Condon Financial Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter worth about $213,000. Cabot Wealth Management Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 8.7% during 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 bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at about $1,016,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS QUAL opened at $198.66 on Friday. iShares MSCI USA Quality Factor ETF has a 1 year low of $148.34 and a 1 year high of $205.65. The stock has a market capitalization of $57.60 billion, a P/E ratio of 25.59 and a beta of 1.05. The company’s 50-day moving average is $202.53 and its 200 day moving average is $197.23.

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.