Wealth Alliance LLC Purchases 4,226 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Wealth Alliance LLC increased its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,631 shares of the company’s stock after buying an additional 4,226 shares during the period. iShares MSCI USA Quality Factor ETF accounts for about 1.2% of Wealth Alliance LLC’s investment portfolio, making the stock its 14th biggest position. Wealth Alliance LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $12,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at approximately $25,000. Resources Management Corp CT ADV bought a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $27,000. Financial Life Planners bought a new stake in iShares MSCI USA Quality Factor ETF in the first quarter worth $28,000. Ares Financial Consulting LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at $30,000. Finally, Cornerstone Financial Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at $30,000.

iShares MSCI USA Quality Factor ETF Stock Up 0.4%

QUAL stock opened at $216.81 on Friday. iShares MSCI USA Quality Factor ETF has a 52 week low of $181.65 and a 52 week high of $221.16. The company has a fifty day simple moving average of $216.10 and a two-hundred day simple moving average of $206.81. The firm has a market capitalization of $62.86 billion, a P/E 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.