iShares MSCI USA Quality Factor ETF (BATS:QUAL) Shares Purchased by Summit Financial LLC

Summit Financial LLC grew its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 222.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 18,963 shares of the company’s stock after purchasing an additional 13,074 shares during the quarter. Summit Financial LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,377,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of QUAL. Bank of Montreal Can grew its holdings in iShares MSCI USA Quality Factor ETF by 20.5% during the third quarter. Bank of Montreal Can now owns 24,777 shares of the company’s stock worth $4,427,000 after acquiring an additional 4,215 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $2,367,000. Benjamin Edwards Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $2,666,000. Beck Capital Management LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 1.7% during the third quarter. Beck Capital Management LLC now owns 4,779 shares of the company’s stock valued at $857,000 after purchasing an additional 81 shares during the last quarter. Finally, Ascent Group LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 3.3% during the third quarter. Ascent Group LLC now owns 87,520 shares of the company’s stock worth $15,692,000 after buying an additional 2,781 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 3.1 %

QUAL opened at $171.12 on Tuesday. The firm has a market cap of $48.57 billion, a PE ratio of 26.45 and a beta of 1.04. The business has a fifty day simple moving average of $179.28 and a 200-day simple moving average of $180.27. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $154.17 and a fifty-two week high of $187.26.

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.