RMG Wealth Management LLC Purchases New Position in iShares MSCI USA Quality Factor ETF $QUAL

RMG Wealth Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 612 shares of the company’s stock, valued at approximately $113,000.

Several other large investors have also added to or reduced their stakes in the business. HMV Wealth Advisors LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at about $4,725,000. Meitav Investment House Ltd. lifted its position in iShares MSCI USA Quality Factor ETF by 0.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 54,560 shares of the company’s stock valued at $9,969,000 after acquiring an additional 356 shares in the last quarter. Tcfg Wealth Management LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 21.4% during the 2nd quarter. Tcfg Wealth Management LLC now owns 2,675 shares of the company’s stock worth $489,000 after buying an additional 471 shares in the last quarter. SteelPeak Wealth LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 4.3% during the 2nd quarter. SteelPeak Wealth LLC now owns 197,159 shares of the company’s stock worth $36,045,000 after buying an additional 8,188 shares in the last quarter. Finally, KPP Advisory Services LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the 2nd quarter. KPP Advisory Services LLC now owns 49,020 shares of the company’s stock worth $8,962,000 after buying an additional 1,379 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 11.5%

iShares MSCI USA Quality Factor ETF stock opened at $196.89 on Tuesday. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26. The company’s 50 day moving average price is $189.51 and its two-hundred day moving average price is $179.86. The stock has a market cap of $57.09 billion, a P/E ratio of 25.59 and a beta of 1.05.

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.