PMG Wealth Management Inc. Acquires Shares of 40,158 iShares MSCI USA Quality Factor ETF (BATS:QUAL)

PMG Wealth Management Inc. bought a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 40,158 shares of the company’s stock, valued at approximately $7,151,000. iShares MSCI USA Quality Factor ETF makes up approximately 6.5% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 4th largest position.

Other hedge funds have also made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth $25,000. Barrett & Company Inc. bought a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $27,000. Voisard Asset Management Group Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $27,000. OLD Second National Bank of Aurora bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $27,000. Finally, Centennial Bank AR acquired a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at approximately $29,000.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL stock opened at $182.67 on Friday. The stock has a market capitalization of $48.21 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The stock’s fifty day moving average is $181.81 and its two-hundred day moving average is $179.78. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63.

iShares MSCI USA Quality Factor ETF 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.